MTN Group, Africa’s biggest telecom operator, suffered a 69% slump in full-year earnings due to the devaluation of the Nigerian naira and operational challenges in Sudan.
The South Africa-headquartered Telco said its reported headline earnings per share (HEPS) – one of the main profit measures in the country – fell to 98 cents in the year to December 31, down from 315 cents in 2023.
