MTN’s earnings to rebound, backed by strategic Nigerian investments
- MTN Group expects headline earnings per share to surge into positive territory for H1 2025.
- The projected share price range is R6.14 to R6.66, reversing a loss from the previous year.
- MTN shares rose 3.4% on the announcement, capping a 112% rally over the past year.
MTN Group's strategic investments and partnerships in Nigeria demonstrate a proactive approach to enhancing its market position and addressing regional demand for digital services. This could serve as a model for other telecom companies looking to expand in underserved markets. However, the company must remain vigilant about competition and market dynamics in South Africa, which could impact overall performance.
