UPDATE 1-African telecoms titan MTN raises $140 mln in divestment plan [Reuters]
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Source: Reuters
UPDATE 1-African telecoms titan MTN raises $140 mln in divestment plan - Reuters 2 Min Read (Recasts with asset sale proceeds) JOHANNESBURG, Aug 8 (Reuters) - MTN Group Ltd raised 2.1 billion rand ($140.24 million) from asset sales in the first half of this year as part of a divestment plan to simplify its portfolio, Africa’s largest mobile network by subscribers said on Thursday after reporting a 9.3% fall in earnings. MTN is in the middle of reviewing its presence in some markets alongside investments in e-commerce platforms as part of a plan to streamline the company into a focused operator in high-growth markets in the Middle East and Africa. In March, it announced a 15 billion rand divestment programme over the next three years that will also reduce risk and improve returns. In the first half to June it sold its shareholder loan in ATC Ghana to American Tower Corporation for 900 million rand and also sold its interests in investment fund Amadeus and its associated holding in Trav
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AMT
News
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- American Tower (AMT) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Crown Castle picks American Tower veteran as its new president, CEO [Seeking Alpha]Seeking Alpha
- Here's Why You Should Keep American Tower (AMT) in Your Kitty [Yahoo! Finance]Yahoo! Finance
AMT
Earnings
- 2/27/24 - Beat
AMT
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- AMT's page on the SEC website