BRIEF-MTN Group Ltd Qtrly Group Service Revenue Up By 17.8% By Reuters

Gold finally hits $2,000 after one-year hiatus; Some pullback seen before record

BRIEF-MTN Group Ltd Qtrly Group Service Revenue Up By 17.8%

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BRIEF-MTN Group Ltd Qtrly Group Service Revenue Up By 17.8%

MTNJ

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May 5 (Reuters) - MTN Group Ltd MTNJ.J :
* JSE: MTN - QUARTERLY UPDATE FOR THE PERIOD ENDED 31 MARCH
2021
* MTN - QTRLY EBITDA MARGIN IMPROVED TO 44.2% (FROM 42.7%)
* MTN - MTN GROUP HAS DELIVERED A SOLID Q1 2021 TRADING
PERFORMANCE
* MTN - QTRLY GROUP SERVICE REVENUE UP BY 17.8%
* MTN - QTRLY SUBSCRIBERS DECREASED BY 1.7 MILLION TO 277.9
MILLION
* MTN - REMAIN CONSCIOUS OF ONGOING IMPACTS AND CHALLENGES
PRESENTED BY PANDEMIC
* MTN - QTRLY ACTIVE DATA SUBSCRIBERS INCREASED BY 1.3
MILLION TO
115.6 MILLION
* MTN - OUR CAPEX GUIDANCE FOR 2021 IS MAINTAINED AT R29.1
BILLION
* MTN - SERVICE REVENUE AND EBITDA MARGINS EXPANDING ON BACK
OF
CONTINUED COMMERCIAL MOMENTUM ACROSS GROUP IN Q1
* MTN - REMAIN CONSCIOUS OF ONGOING IMPACTS AND CHALLENGES
PRESENTED BY PANDEMIC
* MTN - AT 31 MARCH 2021, GROUP NET DEBT WAS R44.6 BILLION
* MTN - CONTINUE OUR WORK TO ROLLOUT SITES AND MEET OUR
CAPEX
TARGET FOR YEAR
* MTN - MTN SA IS CURRENTLY IN ENGAGEMENTS WITH ICASA TO
FURTHER
EXTEND TEMPORARY SPECTRUM UNTIL IT HAS FINALIZED SPECTRUM
AUCTION

Source text for Eikon: ID:nJseE0002a
Further company coverage: MTNJ.J

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