MTN Group Posts Revenue Growth, Higher Profitability
By Adria Calatayud
MTN Group reported higher revenue and profitability for the third quarter, citing robust demand across markets.
Total revenue for the third quarter came to 62.845 billion South African rand ($3.81 billion) compared with 56.86 billion rand in the year-earlier period, the South African telecommunications group said Monday. At constant currency, revenue from services jumped 17%, it said.
The group's third-quarter margin for earnings before interest, taxes, depreciation and amortization came in at 48% compared with 46% a year before.
MTN said its proposed acquisition of IHS Towers remains on track for completion by the end of the year.
"For the rest of the year, we will focus on sustaining the commercial momentum across our markets, carrying MTN SA's [third-quarter] improvement into [the fourth quarter], restoring fintech growth towards our medium-term targets, addressing the specific challenges in MTN Uganda and completing the IHS transaction," President and Chief Executive Ralph Mupita said.
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
November 09, 2026 02:14 ET (07:14 GMT)
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