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Spreadsheet Ranger

MTN

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Anyone own MTN shares?

I am thinking now that their share price is the same it was 10 years ago and they have some great plans ahead, it might be a good long term stock to add as part of my exposure to Africa?
I see they will be opening up a bank in Nigeria and they also have a deal to bring incredibly cheap smartphones to their African outlets.

Smartphone:

Quote

Speaking at AfricaCom, MTN CEO Rob Shuter said the phone will be brought in at a cost of $20 (R290).

 

It will include rear and front-facing cameras, and key Google applications which run on KaiOS. These include Search, Maps, Assistant, and YouTube.

 

The device will also feature a 2,000mAh battery, offering up to two weeks of standby time and 2-5 days of life under average usage.

 

Schuter said MTN plans to launch the device in the first quarter of 2019 across nearly all its markets in Africa.


MTN Bank:

Quote

Nigeria announced last month that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to so-called mobile money services, a policy that has been very successful in Kenya.
 

If granted a licence, MTN would launch the service in a country where 115 million Nigerians, or 60 percent of the population, does not have a bank account, according to the World Bank.

 

"It's a huge opportunity for MTN," said Byron Lotter, fund manager at Vestact, which owns shares in MTN. "The problem is they are being held hostage by this $10.1 billion demand because their business is too big to leave."

 

Shuter, who has led MTN since last year, also said the company would relaunch mobile money services in South Africa, two years after canning the service. The company has also bought a music streaming business Simfy, which Shuter said was "Africa's leading music streaming business."

 

 

JOHANNESBURG — Mobile network MTN isn’t walking away from its Nigerian operation anytime soon and if anything, it’s looking to expand its services in that country. This is the message from the company’s Group CEO Rob Shuter who is hoping that authorities in Nigeria will seek an out-of-court settlement regarding a $10.1bn transfer dispute. If MTN manages to get through these choppy waters, a stock market listing in Nigeria, as well as the potential opening up of a new mobile banking unit, is set to be on the cards. – Gareth van Zyl

Edited by Spreadsheet Ranger

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Jumia to list on the NYSE, aiming to become Africa’s first tech unicorn.

  • Active in 14 countries
  • 4 million active users
  • 81.000 active sellers
  • 13.4m deliveries per year
  • €130.6m revenue in 2018
  • €862m consolidated loss since inception 

Source: Techcrunch

 

MTN owns a share of Jumia

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