The fall-out from Cell C’s debt crisis has hit MTN, which, due to its roaming agreement with Cell C, was only able to record marginal gains in revenue growth for the third quarter.
MTN said on Thursday it will only start recognising revenue from Cell C as part of its profit calculations when the struggling mobile operator finalises its roaming agreement and tackles its liquidity challenges.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MTN Nigeria’s earnings jump as data use risesCEO Ferdi Moolman says the performance is encouraging and demonstrates ‘the resilience of our business despite a challenging operating environment’
Read more »
MTN Nigeria’s earnings jump as data use risesCEO Ferdi Moolman says the performance is encouraging and demonstrates ‘the resilience of our business despite a challenging operating environment’
Read more »