MTN Group Limited is a mobile operator that offers consumer, digital and business services. It operates in three regions: South/East Africa (SEA), West/Central Africa (WECA) and the Middle East and North Africa (MENA).
The MTN group recently reported their full year (FY18) results for the period ending 31 December 2018. The group reported an increase in normalised service revenue of 10.7% (excluding hyperinflation and Forex loss) up to R136bn.
Management guided that the annual dividend will grow by between 10% and 20% in the 2019 FY while the return on equity should improve to above 20% in the medium-term.
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