1001 GMT - MTN Group delivered outstanding results for the first half, but still needs to fix its South Africa business, Bank of America analysts say in a research note. The South African telecommunications group's operations in Ghana and Nigeria are firing on all cylinders, and turning around its performance in South Africa should be next, the analysts say. The group named a new South Africa CEO and there is a clear plan to fix the business, according to Bank of America. Among the priorities of new MTN South Africa CEO Ferdi Moolman are improving the commercial performance of both the prepaid and postpaid segments, simplifying its IT systems and real-estate footprint as well as restructuring its balance sheet, the analysts say. Shares fall 6%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
August 18, 2025 06:01 ET (10:01 GMT)
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