Report
Alastair Jones

New Street: MTN (Buy): MTN Nigeria - solid Q120 results despite challenging outlook

Q120 results for MTN Nigeria confirmed our view that revenue growth would be accelerating in the next few quarters. In particular, following 4G investments, data revenue growth was the key driver of the +16.7% group revenue growth (up from 14% in Q419).
Underlyings
Provider
New Street Research
New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

  • Pan European Telecom Services and Cable
  • US Telecoms, Cable, Satellite and Towers
  • Global Emerging Market Telecoms
  • Japan Telecoms
  • Asian Internet
  • Pan European Healthcare
  • Global healthcare thematic research

We provide debt research on:

  • Pan European Telecom Services and Cable


Analysts
Alastair Jones

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