MTN says facing investor pressure over lower returns
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Investors
Capetown, Sept. 21, 2016 (Reuters/NAN) South African mobile operator MTN Group said on Wednesday that investors were concerned with lower returns and revenue growth in spite of a boom in data traffic.
Africa’s biggest telecoms firm, which set aside 851 million dollars for capital expenditure in 2016, said in a presentation to parliament.
It said that further significant investment was required to deal with higher data traffic as a result of spectrum constraints in the mature market. (Reuters/NAN)
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Edited by Damilola Oyewole/ Grace Yussuf