South African Telecoms Giant MTN To Pull Out Of Mideast

South African Telecoms Giant MTN To Pull Out Of Mideast

Africa’s largest mobile operator, South African telecoms giant MTN, announced Thursday it would pull out of the Middle East to concentrate on Africa and scrap its interim dividend under a blueprint to navigate the coronavirus pandemic.

Earnings before interest, taxation, depreciation, and amortisation rose 10.9 percent to 41.8 billion rand .

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