THE FINANCE GHOST: Turmoil in the telecoms sector

📆 22/01/2023 11:09 a. m.
📰 FinancialMail

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 63%

Colombia Noticias Noticias

Given the billions MTN, Telkom and Vodacom need to spend on capex, not to mention batteries, the future looks rocky, writes FinanceGhost.

Over the past year, we’ve seen a lot of action in the telecommunications sector. Aside from Telkom desperately trying to figure out how to unlock value, we’ve seen Blue Label Telecoms execute a complicated transaction to recapitalise Cell C. And it is upsetting news that Ghana is the new Nigeria for MTN, with a huge tax dispute under way.

Share prices in the sector have performed poorly in the past year. Vodacom is down about 6% but does have a strong dividend yield, so that’s not as bad as it looks. MTN has lost 17% and Telkom is down 29% even after the post-rain rally owing to the market being excited about that deal falling over...

Escribir Comentario

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

MTN boss says acquisition of Telkom still makes senseTelkom ended talks with Rain, opening the door for MTN to engage in discussions again, but it is not clear whether MTN is keen.
Fuente: mybroadband - 🏆 11. / 67 Leer más »