MTN Group Approves $375 Million Buyback as H1 Profit Momentum Strengthens

South Africa's MTN approves $375 million share buyback after profit ...

MTN Profit Rises 21%; to Buy Back $375 Million of Shares

MTN Group Ltd. surged the most since March after Africa’s biggest mobile-network operator said it will buy back 6 billion rand ($375 million) of shares and reaffirmed its three- to five-year revenue and capital guidance, even as writedowns at its Iranian joint venture weighed on earnings.

MTN Group Approves $375 Million Share Buyback Programme

MTN Group is buying back R6 billion in shares following strong first-half 2026 earnings, signalling confidence in its financial trajectory and medium-term targets. The post MTN Group launches $375 million share buyback after strong H1 results appeared first on Business Elites Africa.

MTN Group approves $375 million buyback as H1 profit momentum strengthens

MTN Group has announced a R6 billion ($375 million) share repurchase programme as the telecommunications giant reported strong earnings growth for the first half of 2026 and reaffirmed its medium-term financial targets. The post MTN Group approves $375 million buyback as H1 profit momentum strengthens appeared first on Nairametrics.

MTN triggers $375M share scheme, reveals Iran plans

MTN disclosed plans to buyback ZAR6 billion ($375 million) worth of shares, as CEO Ralph Mupita reportedly reiterated plans for its Iranian business if US sanctions are lifted against the country. In its earnings update, MTN said the share buyback plan opens today (24 August) and will continue for as long as it remains “value accretive” to shareholders. In H1 2026, service revenue grew 17.5% to ZAR115 billion year-on-year, on the back of strong …

MTN-IHS deal gets FCCPC and NCC approval, 30% stake to be sold to Nigerian investors

Nigerian regulators such as the Nigerian Communications Commission (NCC) and the Federal Competition and Consumer Protection Commission (FCCPC) have approved MTN’s proposed $2.2 billion acquisition of IHS Towers.  According to MTN Group’s earnings results for the first half of 2026 released on Monday, the approval signals an important step in the group’s move to control the infrastructure that powers the connectivity of its over 300 million cust…