MTN Group Ltd Corporate Analyst Meeting Transcript

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

Question: Jonathan D. Kennedy-Good - JPMorgan Chase & Co, Research Division - Analyst : It's Jonathan from JPMorgan. I might have missed it, but previously, I think you targeted mobile money revenue contribution of 25% to service revenue by '25. And I didn't see that number there. I think the sub number is still the same. So just trying to understand what kind of level would be reasonable now. I mean, obviously, there have been dynamic changes in markets and regulatory interventions. So just trying to understand how you think about that over the next 2 years.

Question: Preshendran M. Odayar - Nedbank Corporate and Investment Bank, Research Division - Analyst : It's Preshendran from Nedbank. I've got 2 questions. Sorry, Ralph, it's a bit of a timeline one. I know you mentioned Fintech -- some announcement by June. I know we just started June, but any updates you can give us on that, we'd appreciate. And then secondly, Sulu, I think this one is more for you on the gearing. I think it's the first time I've seen MTNs Holdco gearing lower than the guys in Midrand. So well done on de-gearing the balance sheet. But now if the telecom deal doesn't happen, what's your next lever of M&A that you're looking for in the market? I know you mentioned there are some opportunities. Or I mean, is it a case of how low can you go?

Question: Preshendran M. Odayar - Nedbank Corporate and Investment Bank, Research Division - Analyst : It's Preshendran from Nedbank. I've got a question particularly around South Africa and how fiber fits in with your ISP business, Supersonic. You talked about homes past. Can you share with us what's your connectivity rate? And also how much of your Supersonic subscribers are on your own network versus other networks, and then vice versa, is the MTN FTTH network and open network where other ISPs can also utilize?