MTN feeling bullish on solid 2021 results and strong fintech growth
South African operator group MTN delivered its 2021 numbers and they seem to be headed in the right direction.
MTN operates in 19 markets across Africa and the Middle East, so its performance is a decent barometer of how the telecoms industry is faring across that extended continent. Annual service revenue grew by 18% in 2021, with EBITDA up 24% and margin up a couple of percentage points. MTN’s shares were up by 4% today.
“We adapted to the extraordinary circumstances brought about
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