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MTN says earnings growth supported by markets including Nigeria

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Disposals including minority stakes in two tower joint ventures also help support growth

A general view shows the MTN head office in Lagos, Nigeria, on October 29, 2018. File photo: REUTERS/AFOLABI SOTUNDE

Headline earnings per share increased by between 30% and 50% in 2019, even after a downward adjustment from a change in reporting standards, the Johannesburg-based telecom company said in a statement after the market closed on Tuesday. Disposals including minority stakes in two tower joint ventures for $540m also helped support growth, she said.

 

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