MTN is back! And taking on WhatsApp and Spotify…

I wish we were dominant in South Africa. But we’re number two after a much stronger player dressed in red…

Rob Shuter, Group CEO - MTN

MTN declared a final dividend of 325 cents per share on Thursday when it released its results for the year ending on 31 December 2018.

Earnings before interest, tax, depreciation and amortisation is up more than 15% while headline earnings per share grew by 85% from 182 cents to 337 cents.

MTN has 16 million more subscribers than it had in the previous reporting period.

MTN says it’s taking on instant messaging and music streaming in the coming year.

The Money Show’s Bruce Whitfield interviewed Rob Shuter, Group CEO at MTN.

Listen to the interview in the audio below (and scroll down for more quotes from it).

Nigeria is one of our two core markets… We’ve built a great business there… We’ve had a few setbacks… but we’ve resolved our issues with the central bank…

Rob Shuter, Group CEO - MTN

The tax collectors in Nigeria… we have no disputes with them. The Attorney General maintains we should’ve paid more than we have… it’s nonsense…

Rob Shuter, Group CEO - MTN

We think the country is on a better trajectory…

Rob Shuter, Group CEO - MTN

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This article first appeared on 702 : MTN is back! And taking on WhatsApp and Spotify…


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