{"id":201400,"date":"2017-03-05T08:34:31","date_gmt":"2017-03-05T06:34:31","guid":{"rendered":"http:\/\/mybroadband.co.za\/news\/?p=201400"},"modified":"2017-03-05T08:36:02","modified_gmt":"2017-03-05T06:36:02","slug":"mtn-a-takeover-target","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/business\/201400-mtn-a-takeover-target.html","title":{"rendered":"MTN a takeover target"},"content":{"rendered":"<p>The Sunday Times reported that investment bankers are looking at MTN as a potential takeover target.<\/p>\n<p>Citing a company insider, the report stated that MTN has attracted interest from investment bankers &#8211; but no firm offer was on the table.<\/p>\n<p>MTN\u2019s share price has plummeted from a high of over R260 a share in September 2014 to current levels of around R120 a share.<\/p>\n<p>This made the company cheap to investors, who, according to Ashburton Fund Manager Wayne McCurrie, can pick up MTN at between R150 and R160 a share.<\/p>\n<h3 class=\"my-4\">MTN\u2019s troubles may be behind it<\/h3>\n<p>MTN has faced many challenges over the last two years, including a large regulatory fine in Nigeria, foreign exchange losses, and losing money because of poor investments.<\/p>\n<p>During this period, the company cleaned house. MTN\u2019s new CEO Rob Shuter will join the operator on 13 March, while new CFO Ralph Mupita will join the company in April.<\/p>\n<p><a href=\"http:\/\/www.fin24.com\/Tech\/Companies\/mtn-cleans-house-20170303\" target=\"_blank\"><strong>MTN executive chairman Phuthuma Nhleko said<\/strong><\/a> the company has ensured\u00a0it will avoid a rerun of its Nigerian regulatory problems.<\/p>\n<p>\u201cThere is nothing \u2013 that we are aware of \u2013 that is a big regulatory issue,\u201d said Nhleko.<\/p>\n<p><a href=\"https:\/\/mybroadband.co.za\/news\/business\/201080-mtn-wins-with-better-network-and-smartphone-sales.html\"><strong>In South Africa, the company has invested heavily<\/strong><\/a> in its network and is turning around its fortunes with subscriber and revenue growth.<\/p>\n<p>MTN\u2019s subscribers in South Africa now total 30.8 million, with increases driven by the prepaid segment \u2013 which\u00a0sits at 25.6 million.<\/p>\n<p>MTN SA\u2019s annual revenue totals R42 billion, fueled by an increase of 1.9% in service revenue and growth of 11.4% in data revenue.<\/p>\n<h3 class=\"my-4\">MTN share price over the past 5 years<\/h3>\n<p><a href=\"http:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2017\/03\/MTN-Share-Price.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-201402\" src=\"http:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2017\/03\/MTN-Share-Price.jpg\" alt=\"MTN Share Price\" width=\"640\" height=\"427\" srcset=\"https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2017\/03\/MTN-Share-Price.jpg 640w, https:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2017\/03\/MTN-Share-Price-600x400.jpg 600w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<h3 class=\"my-4\">Now read:\u00a0<a href=\"https:\/\/mybroadband.co.za\/news\/business\/201080-mtn-wins-with-better-network-and-smartphone-sales.html\">MTN wins with better network and smartphone sales<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Investment bankers are looking at MTN as a potential takeover target for an international operator or an investment firm.<\/p>\n","protected":false},"author":23,"featured_media":145141,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19],"tags":[35,42,1954,1956],"class_list":["post-201400","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline","tag-mtn","tag-phuthuma-nhleko","tag-rob-shuter"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/201400"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=201400"}],"version-history":[{"count":1,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/201400\/revisions"}],"predecessor-version":[{"id":201420,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/201400\/revisions\/201420"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/145141"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=201400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=201400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=201400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}