Half Year 2024 MTN Group Ltd Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Preshendran Odayar - Nedbank Capital - Analyst : It's Presh from Nedbank. I'll split the questions around. So one for Tsholo, one for Charles and one Ralph. Tsholo first for you, you didn't mention my favorite West African opco from upstreaming. So I just wanted to check if you did get anything out of Nigeria and at what rate? And obviously, contrary to that, if you didn't, why considering FX liquidity has improved quite considerably. One for Charles, your data subs grew 10%. Your traffic was up 35%. And but your revenue is only up 2.4%. And I compare that to Nigeria, where traffic was up 42%, users were up 10%, but they grew revenue 56%. So you're giving a lot more or a lot less is what I'm thinking, but just some clarity there. And then a question for you, Ralph, on (inaudible). Just some rationale behind extending that deal. My take is that the dividends were quite weak over the last few years. So is there a sense of a sizable liability there (inaudible) structure, which hasn't been cleared by the dividend. And by your forecast, the three-year extension, is that the thinking behind that?