MTN approves $375 million share buyback after profit rise

Mobile operator MTN Group said on Monday that its board had approved a 6 billion rand ($375 million) share buyback programme, as it reported a 21.

Africa's biggest ⁠telecom operator, with more than 317 million customers across 19 markets, said adjusted headline earnings ​per share (HEPS) rose to 793 cents in the six months ended June 30 from 654 cents ​a year earlier.9 billion rand non-cash impairment on its 49% stake in Irancell, reflecting Iran's hyperinflation and the sharp depreciation of the rial.