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MTN drops on Nigeria worries – Business Day

MTN drops on Nigeria worries – Business Day

Shares in MTN Group fell 3.79% to close at R235.03 on concerns about regulatory pressure in the mobile operator’s largest market, Nigeria, which dragged down its subscriber growth there for the three months to September. However, MTN expects an improved performance during the remaining quarter of the year, after it resolved a number of matters with the Nigerian regulatory authority. Aslam Dalvi discusses the company’s prospects.
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