The Chief Financial Officer of the company,
The CFO also said the company was preparing for a larger increase in data usage as more markets go into lockdown.
It will be recalled that the company was recently mandated to return all improperly funds, as well as a demand for
The operator currently holds a 79 per cent stake in the Nigerian business and plans to sell 15 per cent to local investors, but it will now likely conduct the sale in phases.
This is coming almost a year after MTN listed the unit on the county's stock exchange, valuing the business at
According to Mupita, its proposed sale in
Virus impact
The coronavirus crisis has hit MTN's share price significantly, reaching a 15-year low last week, but since rallying.
Mupita said the company, naturally, had no visibility on how it could all play out, but pointed to strong cash generation for its pre-paid contracts business and a resilient balance sheet.
The CFO also said the company was preparing for a larger increase in data usage as more markets go into lockdown.
"We want to make sure that our networks have resilience and capacity. "We are looking at where we can drive broader coverage," he added.
Vanguard
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