MTN Ghana has said it is interested in getting the remaining 4G spectrum to enhance buyer practical experience, but telecoms large stated it will only purchase it if the cost is reasonable.
It would be recalled that in 2015, the Countrywide Communications Authority (NCA) auctioned the 2x10MHz slot in the 800MHz spectrum band at a least value of $67.5 million and MTN purchased a single.
But Vodafone bought one particular of the a few 2x5MHz slots in the very same band at a negotiated rates of $30 million when they were being auctioned last calendar year at an asking rate of $33.75 million.
This indicates Vodafone paid out $3.75 million less than what MTN paid for the same large amount of spectrum.
When NCA did the auction last 12 months, it excluded MTN but stated that if any of the spectrum a lot stay unsold, it will supply holders of 800MHz bands like MTN an opportunity to buy the spectrum.
MTN Ghana CEO, Selorm Adadevoh, instructed shareholders at the maiden Yearly Typical Assembly of MTN Ghana that the company has officially expressed desire in acquiring the spectrum slots, but NCA is nonetheless to make the present formally.
He later on informed journalists that MTN Ghana expects the NCA to present the spectrum slots at a truthful cost, supplied how considerably Vodafone purchased it for.
“We all know how significantly MTN acquired ours for [$33.75 million for 2x5MHz slot] and we know how substantially Vodafone purchased theirs for – so we consider it is only good to anticipate the NCA to offer you the remaining slots at a truthful price tag,” he said.
In the meantime, MTN has been buying far more spectrum to boost provider quality, the latest a person remaining the 2x15MHz slot in the 2600MHz band from Goldkey Constrained past 12 months.
On the again of the mixed 800MHz and 2600MHz spectra, MTN not too long ago introduced a 4G+ companies, promising information speeds of up to 300 megabites per next.
The CEO claimed in 2018, MTN amplified 4G internet sites to 250 to augment its 600 2G internet sites and 1,100 3G internet sites across the country.
Selorm Adadevoh said the investment in network enlargement resulted in excellent of support improvements, which put together with intense advertising, profits, and product provides to provide a 12.7 per cent progress in subscriber foundation to 20.1million.
“In the study course of the year, our voice marketplace share grew to 49.1 for every cent, data sector share arrived at 59.9 for each cent, whilst Cellular Cash shoppers grew by 17.8 for each cent to 13.6 million,” he explained.
MTN Ghana also described a 23.5 for every cent in provider income progress, pushed by a 30.2 for every cent progress in knowledge revenue, 34.6 per cent expansion in digital profits and a snug 60.3 for every cent progress in Cellular Revenue earnings.
For the duration of the calendar year, MTN Ghana also received 40 prestigious domestic and worldwide awards, like the freshly established platinum award for major taxpayer by the Ghana Profits Authority. In fact, MTN is on document as possessing solitary-handed delivered up to 3 for every cent government tax earnings every single yr for several yrs.
Talking of taxes, Corporate Service Executive of MTN Ghana, Samuel Koranteng is worried that the 5 for every cent Countrywide Fiscal Stabilization Levy continue being helpful even however there was a 2015 sunset clause on it.
The levy was introduced to make gain-producing corporations shell out 5 for each cent of their income right after tax to support authorities stabilize the overall economy above an 18-thirty day period period of time in between mid-2013 and 2015, but it has due to the fact been in result until date.
In the telecoms field, only MTN pays mainly because it is the only telco on report as making financial gain.
Sam Koranteng said the levy has outlived its deadline and it has turn out to be important to no cost MTN of it, so that they can devote the dollars into strengthening the network and finding extra price for Ghanaians.
Meanwhile, at the AGM, MTN announced a 5 Ghana pesewas per share dividend, which arrived to a quantum of GHC754 million, representing a file 81.2 for each cent of revenue following tax.
Some shareholders complained that the 5 Ghana pesewas per share was too compact, but the Board Chairman of the firm, Dr. Ishmael Yamson explained that there are over 127,000 shareholders and there are numerous billions of one shares and that was why the dividend for every share was lower.
He even more mentioned that, when compared to other equities on the Ghana Stock Trade, the 81.2 for each cent of revenue right after tax presented out as dividend is a history no equity can beat.