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MarketScreener Homepage  >  Equities  >  Ghana Stock Exchange  >  Scancom Plc    MTNGH   GHEMTN051541

SCANCOM PLC

(MTNGH)
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Scancom : Ghana plans to curb MTN's market dominance

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06/09/2020 | 11:59pm EDT

Ghana will implement a set of policies to reduce the dominance of MTN in the country's telecommunications market, the government said in a statement.

'The National Communications Authority (NCA) will in the coming days begin the implementation of specific policies to ensure a level-playing field for all network operators within the telecommunications industry,' a statement on Saturday said.

MTN has been declared a significant market power, requiring the regulator to take corrective action to allow more market competition.

Statistics from the NCA showed MTN's share in mobile data subscriptions accounted for almost 70% of the market from January to March.

To correct this, the regulator will implement a series of measures including a favourable connection rate for disadvantaged operators, the setting of floor and ceiling pricing on all minutes, data, text messages and mobile money, and ensure the various operator vendors are not subject to exclusionary pricing or behaviour.

MTN Ghana said in a statement released on Monday it had not yet received the formal notification from the regulator and was awaiting it to assess the details.

© Pakistan Press International, source Asianet-Pakistan

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Financials
Sales 2020 6 156 M 1 074 M 1 074 M
Net income 2020 1 729 M 302 M 302 M
Net Debt 2020 - - -
P/E ratio 2020 4,26x
Yield 2020 16,5%
Capitalization 7 374 M 1 286 M 1 287 M
Capi. / Sales 2020 1,20x
Capi. / Sales 2021 0,96x
Nbr of Employees -
Free-Float 99,0%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 1
Average target price 0,92 GHS
Last Close Price 0,60 GHS
Spread / Highest target 53,3%
Spread / Average Target 53,3%
Spread / Lowest Target 53,3%
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Managers
NameTitle
Selorm Adadevoh Chief Executive Officer & Director
Ishmael Evans Yamson Chairman
Kobina Sam Bentsi-Enchill Chief Finance Officer
Thomas Motlepa Chief Technical Officer
Bernard Acquah Chief Information Officer
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