MTN announces first annual loss in 20 years

Africa's biggest mobile phone operator MTN Group Ltd says 2016 financial results reflect the most challenging year in the company’s 22-year history.

Overall performance showed lower than expected growth in both South Africa and Nigeria.

MTN says it made a $200m loss in 2016.

TechCentral editor, Duncan McLeod, this is a result of changes in the business and company, as well as economic conditions in markets where it operates.

Listen to full interview with Duncan McLeod below for more information...


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