MTNOY News and Press, MTN Group Ltd ADR Sponsored From 08/17/21

New Branches for the 2Africa Subsea Cable System PR Newswire MENLO PARK, Calif. , Aug. 17, 2021 /PRNewswire/ -- The 2Africa consortium, comprised of China Mobile International, Facebook, MTN GlobalConnect, Orange, stc, Telecom Egypt, Vodafone and WIOCC, announced...

Facebook (FB -0.3%), Google (GOOG -0.7%, GOOGL -0.7%) and their set of partners are planning new subsea cables to connect far-flung African countries to each other - and to the United States. Along with partners including Vodafone (VOD -0.3%), Orange (ORAN -0.1%), MTN Group (MTNOY +7.5%) and ...

MTN Group outlined some promising new medium-term initiatives at its recent Capital Markets Day event. With the Group on track for 20+% ROEs along with upside from Nigeria, fintech, and potential asset disposals, I see plenty of earnings growth ahead. Shares continue to trade at a...

A Vodafone (VOD -0.4%) consortium has submitted an $850M bid for a permit to operate in Ethiopia, Bloomberg reports. A rival consortium led by MTN (MTNOY -0.2%) has offered $600M, it says. Those bids are much less than what Ethiopia's government was looking for. The bidding settled into two c...

Bidders including MTN Group (MTNOY) and a consortium led by Vodafone (VOD +0.8%), Vodacom (VODAF) and Safaricom are pursuing wireless operating licenses in Ethiopia, the last remaining big market in the world. A delayed application process had been contested by a dozen parties but ended with ...

MTN Group has credible drivers to build shareholder value, including ongoing growth in high-margin data and mobile money services, as well as an ongoing asset rationalization program. Regulatory and macroeconomic challenges have long been a problem, and that remains the case: Repatria...

African cell service provider MTN Group ( MTNOY ) has continued to struggle, but the primary sources of the struggles continue to be largely beyond the company's direct control. Although the company's financial performance since my last update has been decent, the ADRs have fallen by another...

MTN Group ( OTCPK:MTNOY ) has named its current group chief financial officer, Ralph Mupita, to take over as the new group president and CEO . More news on: MTN Group Limited, MTN Group Limited, Tech stocks news, Read more ...

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I’ve been doing this for over a quarter-century now, and MTN Group ( OTCPK:MTNOY ) may well be the most frustrating stock I’ve owned and followed over that time. While there have certainly been management missteps in this company’s history, even a good management team wi...