- 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: Repatriating cash from Nigeria remains difficult and Ghana has imposed competition-boosting measures that hurt profitability.
- MTN Group shares look substantially undervalued on discounted cash flow and relative multiples, but operational, regulatory, and macroeconomic challenges are always going to be present.
For further details see:
MTN Group Still Offers Huge Potential - But That's Never Been The Issue