MTN TO SELL AFGHAN UNIT FOR R640M

MTN Group is selling its Afghanistan business to Beirut-based M1 New Ventures for US$35-million (R640-million) as Africa’s largest wireless carrier continues to reduce its presence outside the continent. The Johannesburg-based company announced the deal on Friday...

MTN REPORTS 14.7% JUMP IN Q3 RESULTS

MTN Group’s third quarter pre-tax profit rose 14.7% year on year, supported by demand for its data and financial services. MTN, with 285 million customers in 19 countries in Africa and the Middle East, said group service revenue grew to R49.6-billion for the period...