MTN to Buy Back $375 Million of Shares as It Reaffirms Guidance

MTN Group Ltd. said it will buy back 6 billion rand ($375 million) of shares and reaffirmed its guidance on revenue growth and capital metrics for the next three to five years, even as earnings by Africa’s biggest mobile-network operator fell mainly because of writedowns at its Iranian joint venture.

Read it at Bloomberg Technology ↗

← Front page