JOHANNESBURG – South African mobile operator MTN’s funding of its operations in Iran will reach US$1,5 billion in 2-3 years, Chief Executive Officer Phutuma Nhleko said yesterday.
MTN said earlier this week that it had reached a deal to take a 49 per cent stake in the Irancell consortium. MTN expected its South African subscribers to reach 10 million by the end of December, 2005 and its Nigerian subscribers to reach 8,5 million.The group said during its interim results presentation that it expected a slight decline in its earnings before interest, depreciation and amortisation (EBITDA) margin at the end of December compared to the year-ago EBITDA margin.-Nampa-ReutersMTN expected its South African subscribers to reach 10 million by the end of December, 2005 and its Nigerian subscribers to reach 8,5 million.The group said during its interim results presentation that it expected a slight decline in its earnings before interest, depreciation and amortisation (EBITDA) margin at the end of December compared to the year-ago EBITDA margin.-Nampa-Reuters
Stay informed with The Namibian – your source for credible journalism. Get in-depth reporting and opinions for
only N$85 a month. Invest in journalism, invest in democracy –
Subscribe Now!
