MTN announces first annual loss in 20 years

Africa's biggest mobile phone operator MTN Group Ltd says 2016 financial results reflect the most challenging year in the company’s 22-year history.

Overall performance showed lower than expected growth in both South Africa and Nigeria.

MTN says it made a $200m loss in 2016.

TechCentral editor, Duncan McLeod, this is a result of changes in the business and company, as well as economic conditions in markets where it operates.

Listen to full interview with Duncan McLeod below for more information...


This article first appeared on 702 : MTN announces first annual loss in 20 years


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