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MTN says facing investor pressure over lower returns

Despite a boom in data traffic.

CAPE TOWN – South African mobile operator MTN Group said on Wednesday investors were concerned with lower returns and revenue growth despite a boom in data traffic.

Africa’s biggest telecoms firm, which set aside R11.7 billion ($851 million) for capital expenditure in 2016, said in a presentation to parliament further significant investment was required to deal with higher data traffic, as a result of spectrum constraints in the mature market. ($1 = R13.7500) 

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I made my contribution also, how you may ask?
Well I cancelled my Cellphone contract this past weekend, I felt so relieved.

After my 2 years of my cellphone contract I started experiencing Cell-Phobia.
At one stage I thought of locking up my Cellphone in my Safe because every time I used it I received very big bills. I nearly needed a heart surgeon every time I received my account statement.

Once I signed ten page document to enable international roaming only to discover at my destination that I could not phone my family.

I will also now sleep better knowing that I will not receive account statements stating that I am behind with payments even when the Cell Phone company had a debit order with my bank to deduct whatever amount they wanted.

End of comments.

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