MTN returns to profit and plans 6 billion rand buyback
The telecoms operator reported a 47.4 billion rand profit following a loss in 2024. MTN hiked its dividend to 500 cents and approved a 6 billion rand buyback.
Xurve View
Xurve View
MTN Group, Africa’s largest telecommunications operator, has returned to a significant annual profit and announced plans for a substantial dividend hike and share buyback program. This financial recovery follows a challenging 2024, during which the group's largest business, MTN Nigeria, faced headwinds from sharp currency devaluations, surging inflation, and high interest rates.
