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[LISTEN] Zwelakhe Mnguni of Benguela Global Fund Managers on MTN being back on track and its value offering, as well as Aspen's success in unwinding its debt, on MoneywebNOW with Simon Brown. Download the podcast:
SIMON BROWN: I’m chatting now with Zwelakhe Mnguni [from] Benguela Global Fund Managers. Zwelakhe, I appreciate the early morning time. Two sets of results yesterday. I want to touch on Aspen, but first let’s touch on MTN.
Maybe to break down the revenue growth a bit more: when one looks at the voice element, that was up 5%. But if you look at the data, that grew about 36% and I do think that they did say that if you look at the volume of data traffic, it was up 53% – so fantastic execution on that front. ZWELAKHE MNGUNI: Yes, I’d certainly say there is still a bit of value, but certainly less than what was there a few years ago, or at least a few months ago, the reason being that they are still working to unlock value. One of the transactions that they’re doing is to sell their towers to IHS [which is] listed in New York. I think that would unlock some value for shareholders, but now we are talking incremental value rather than just a big jump in value. So certainly there is still some value.
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MTN and Aspen’s 2021 results in focus[LISTEN] Zwelakhe Mnguni of Benguela Global Fund Managers on MTN being back on track and its value offering, as well as Aspen's success in unwinding its debt, on MoneywebNOW with Simon Brown. Download the podcast:
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