MTN reports strong Q3 operational performance

Telecommunications giant MTN Group has reported double-digit growth in earnings and service revenue for the third quarter of 2020, as larger operations in South Africa, Nigeria and Ghana deliver solid performances and subscriber numbers surge. In the three months to September, earnings before interest, tax, depreciation and amortisation (Ebitda) increased by 13.9% and the group Ebitda margin widened by 1.4 percentage points to 43.3%, in line with medium-term targets.

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