South Africa’s MTN Group aims to pay shareholders higher dividends

By bne IntelliNews July 18, 2010
South Africas MTN Groupaims to pay shareholders higher dividends, a possible signal that it could moveaway from strategic acquisition-based growth in Africas maturing mobile phonemarket. As Africas largest mobile phone operator, MTN says there are fewacquisition opportunities available in emerging market telecoms. To meet localblack ownership quotas, MTN also plans to sell an up to 4% stake to blackinvestors, saying it will help finance the about ZAR 2.3bn deal via a donation.MTN shares rose for a second day, Friday, for a total gain of 6.7% in the twodays.

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