MTN to Consider Raising Its Dividend If Business Picks Up

  • For now, Africa’s biggest mobile carrier has 7 rand/year goal
  • MTN paid $95 million in fees while settling Nigeria fine

MTN Group Ltd. will consider raising its full-year dividend above forecasts if business conditions improve after the settlement of a record fine in Nigeria led to the first-ever half-year loss at Africa’s biggest mobile-phone carrier.

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