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Category Archives: Telecommunications
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Analyst: Victoria Ejugwu* v.ejugwu@vetiva.com Target price: ₦254.86 Rating: BUY MTNN’s full year performance came in mixed, as the company reported strong growth in topline but saw earnings wiped out, as foreign exchange losses mounted. For the fourth quarter, the company reported a 25% y/y increase in revenue to ₦695 billion, driven by growth in data...
Poised for growth In the face of prevailing challenges, the telecom industry across our coverage countries in Sub-Saharan Africa has displayed resilience, with mobile money and data emerging as the predominant growth catalysts, aligning with our earlier forecasts. While penetration rates vary across markets, noticeable gaps persist in each, prompting telcos to proactively address these...
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