Tag: Rob Shuter
Telecoms group MTN has reported a headline earnings growth of 120 per cent and a group service revenue growth of 9 per cent for its half year results.
Africa’s largest telecoms company believes charity begins at home. As such it’s launched a R40 million emergency fund for its staff struggling with some of the challenges of COVID-19. This is part of a broader R250 million relief package the company announced today. MTN Group CEO, Rob Shuter spoke to CNBC Africa for more.
“In times of extreme market volatility (and corrections), it is often unnecessary for investors to look far down the quality curve to find attractive opportunities that will generate significant returns in future. This is oftentimes the correct strategy as those economic uncertainties causing market volatility can have far more dire consequences for lower-quality businesses,” writes Stephán Engelbrecht, Fund Management.
MTN reported muted revenue growth laying the blame on consumers being in a current difficult position. CNBC Africa's Fifi Peters spoke to MTN CFO, Ralph Mupita, about a way forward for the company and how they dealing with regulators pushing for cheaper prices.
MTN reported full year results with a 9.7 per cent growth in its revenue boosted by a 12.6 per cent increase in Nigeria and 22.9 per cent in Ghana. MTN Group president and CEO Rob Shuter spoke to CNBC Africa's Fifi Peters about the numbers and the decision to step down from his role at the end of his fixed four year contract in March 2021.
MTN Group Ltd, Africa’s largest mobile network by subscribers, said on Wednesday Chief Executive Officer Rob Shuter would step down from his role at the end of a four-year term in March 2021.
The Attorney General of Nigeria withdrew its $2 billion tax demand against MTN Nigeria on Friday and referred the matter to the Federal Inland Revenue Service (FIRS) and Nigeria Customs. MTN CEO, Rob Shuter says the decision paves the way to an orderly and amicable solution to the issue. President of Association of Telecoms Companies of Nigeria (ATCON), Olusola Teniola joins CNBC Africa for more.
MTN will be investing R50 billion over the next five years at a rate of around R10 billion a year. At the South Africa Investment Conference underway in Sandton, MTN CEO Rob Shuter told CNBC Africa’s Kopano Gumbi how these funds will be deployed.