New Street: MTN (Buy): H120: Encouraging trends given the circumstances
MTN has announced solid results in a tough environment. Overall service revenue for the group slowed 3.4pp in Q2 vs Q120 which showed strong resilience to the Covid pandemic, especially given Nigeria’s 8pp slowdown.
MTN Group is a holding company engaged in the investment in the telecommunications industry offering voice services via 2G and 3G networks, including prepaid and postpaid airtime, please-call-me message service, international roaming, electronic voucher distribution services and community payphones, mobile and fixed data products, including short message service (SMS), multimedia message services, internet access, MTN MobileMoney, content portal MTN Play, Google SMS information services, USSD services and corporate data services. Co.'s operations are divided into the following three regions: South and East Africa, West and Central Africa, and the Middle East and North Africa.
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- Pan European Telecom Services and Cable
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