MTN Group: An interesting way to gain exposure to the African growth story (Infographic)


I came across MTN Group Ltd. (OTCPK:MTNOY) during a stock pitch competition I took part in and won earlier this year. I decided to share my analysis of the security with you today. The stock has recovered slightly from the selloff it saw in the last few months, but I believe there’s more growth ahead. I will take a quick look at the company, the industry, macro elements, as well as a fundamental outlook of the company.

Company Overview

MTN Group is a telecommunications leader in emerging markets and is based in Johannesburg, operating in more than 22 countries across Africa and the Middle East. At the end of the first quarter, they had more than 227 million subscribers. Their operations spread out across five segments:

• Revenue from voice subscriptions, which contributed to 61.2% of revenue in 2014.

• Revenue from data, which contributed 18.7% of revenue in 2014. This segment increased 22.8% year over year and is an interesting growth vector for the company.

Read more: MTN Group: An Interesting Way To Gain Exposure To Africa – MTN Group Ltd. ADR (OTCMKTS:MTNOY) | Seeking Alpha.

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