MTN targets 8.3 million new users

South Africa’s MTN expects to add 8.3 million new users in the 2017 financial year, a document handed out at the firm’s results presentation showed on Thursday.
Image result for mtn logo

However, MTN shares rose nearly 10 percent after Africa’s largest mobile network operator said it would pay a total dividend of 700 cents a share in spite of the loss, compared with 1,310 in 2015.

The company had agreed to pay a fine of $1.1bn to Nigerian government which was reduced from $5.2bn in June 2016 over missing a deadline to cut off unregistered SIM cards.
The fine on MTN wiped $768m per share from the firms in 2016 headline earnings, South Africa’s main measure of profit.

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