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MTN profit surged by 85%

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Mobile giant, MTN reported full-year numbers on Thursday. The company’s profit has surged by 85%, service revenue is up nearly 11% while the company grew its subscriber base by 16 million during the period.

The company plans to raise over R15bn in asset sales over three years to help reduce its debt pile while looking to venture into music streaming and mobile financial services.

MTN CEO Rob Shuter joined Business Day TV to discuss the company’s numbers and their future plans.
7 Mar 2019 1AM English South Africa Business · Business News

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