MTN Group - 2025 results update.
Leading African telco
Hi everyone.
MTN group is a company I covered in 2021.
It is the biggest telecom on the African continent. Since the idea was published in April 2021 on my previous wix blog, then republished in November 2021 on substack, the stock price did not do well.
It has started a recovery in 2025.
I was lucky to top up during the Covid period to have a good underlying gain, but it is clear that the analysis was not demanding enough for a cheap valuation, and the rates hikes in the USA absolutely destroyed African forex, notably the Naira in Nigeria. A perfect storm that caused underlying earnings to decrease.
Here is a quick update:
Stock exchange: Johannesburg
Available : OTC/Frankfurt.
Market cap: 12 Billion USD
