MTN deal with Cell C knocks shares in South Africa's Telkom [Reuters]
MTN GROUP LTD S/ADR (MTNOY)
NASDAQ:AMEX Investor Relations:
investors.vailresorts.com/investor-relations
Company Research
Source: Reuters
MTN deal with Cell C knocks shares in South Africa's Telkom JOHANNESBURG (Reuters) - South Africa’s MTN Group ( MTNJ.J ) has signed an expanded roaming and services agreement with the country’s third-biggest carrier Cell C, MTN said on Monday, pushing shares in rival Telkom ( TKGJ.J ) down more than 5%. The deal puts a dampener on Telkom’s proposed takeover of Cell C, which is owned by Blue Label Telecoms ( BLUJ.J ) and is struggling under the weight of hefty debts, which it announced on Friday. It will see an existing agreement between MTN and Cell C, which gives the struggling carrier access to MTN’s network in some areas of the country, expanded nationwide. “This is aligned to MTN’s strategy to further develop the group’s wholesale business and will allow both MTN and Cell C to harness greater efficiencies... while supporting a more sustainable and competitive industry,” MTN said. The deal spares Cell C from having to spend hefty sums to otherwise ensure national coverage. Te
Show less
Read more
Impact Snapshot
Event Time:
MTNOY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MTNOY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MTNOY alerts
High impacting MTN GROUP LTD S/ADR news events
Weekly update
A roundup of the hottest topics
MTNOY
News
- Old Mutual to Open New South African Bank in 2025 [BNN Bloomberg (Canada)]BNN Bloomberg
- MTN Group (JSE:MTN shareholders incur further losses as stock declines 7.8% this week, taking three-year losses to 26% [Yahoo! Finance]Yahoo! Finance
- Nuran Wireless Reports Second Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance