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JOHANNESBURG: Mobile network operator MTN Group<\/a> on Monday lowered the medium-term profit margin target for its South African business due to crippling power outages that have inflated its operating costs, sending its shares down 6%.
State electricity utility Eskom<\/a> is implementing the worst rolling blackouts on record, leaving households in the dark for up to 10 hours a day.
The telecom industry<\/a> is having to crank up diesel generators to power its vast towers, roll out additional back-up batteries and increase security at these sites to protect them from vandalism and theft, additional costs that are putting pressure on their margins.
The blackouts not only impacted network availability for MTN<\/a> but also business functions which hampered its customers' ability to recharge and upgrade their packages, the carrier said.
The effects of the power outages on its topline and costs resulted in an estimated negative impact of 695 million rand ($38.23 million), or 3.4%, on MTN South Africa<\/a>'s earnings before interest, tax, depreciation and amortization (EBITDA<\/a>), MTN added.
This was for the year ended Dec. 31.
As a result, MTN revised the EBITDA medium-term margin target for MTN South Africa, its second-biggest market by revenue, to 37%-39%, down from 39%-42%.
Overall, the carrier, with 289.1 million subscribers across 19 African markets, reported EBITDA growth of 14.3%, with group service revenue up 15.3% at 196.5 billion.
With the power outages not expected to let up any time soon, Group Chief Executive Ralph Mupita told reporters that the operator will need more back-up power and therefore aims to complete the upgrade of sites without backup batteries by the end of May.
\"(Post the battery rollout phase) ... we're going to move away from just battery deployment and bring quite an extensive network of generators to ensure the resilience (of the network),\" Mupita said.
To support this, MTN South Africa will deploy capital expenditure of about 9 billion rand for 2023, with some of it earmarked for other growth initiatives.
MTN has also received offers for minority investments in its group fintech business and hopes to finalise process by May, Mupita added.
($1 = 18.1816 rand) (Reporting by Nqobile Dludla; editing by Kim Coghill, Louise Heavens and Ed Osmond)
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约翰内斯堡:移动网络运营商MTN集团周一降低中期利润目标南非业务由于严重的停电,夸大了其运营成本,将其股价下跌6%。
国家电力公用事业艾斯康电力公司实现了历史上最严重的轮流停电,在黑暗中离开家庭一天长达10个小时。
电信行业不得不启动柴油发电机功率巨大的塔,推出额外的备用电池,增加安全这些网站来保护他们免受破坏和盗窃,施压他们的利润的额外成本。
停电不仅影响网络可用性MTN而且业务功能,阻碍了其客户的充电能力和升级包,承运人说。
停电的影响在其背线估计和成本导致的负面影响6.95亿兰特(3823万美元),或3.4%南非MTN的利息、税项、折旧及摊销(息税前利润),MTN补充道。
这是今年的12月31日结束。
因此,MTN修订南非MTN的EBITDA中期利润目标,收入的第二大市场,37% - -39%,低于-42%的39%。
总的来说,航母,2.891亿用户在19个非洲市场,报道EBITDA增长14.3%,与集团服务收入在1965亿年增长了15.3%。
停电的短期内不会放松,集团首席执行官拉尔夫Mupita告诉记者,操作员需要更多的后备电源,因此旨在完成网站的升级没有备份电池在5月底。
“(把电池推出阶段)…我们要远离电池部署,带来一个相当广泛的发电机,确保弹性网络(网络),”Mupita说。
为了支持这一点,MTN南非将部署2023年资本支出约90亿兰特,它用于其他的一些增长计划。
MTN也为少数股权投资报价组fintech业务并希望敲定过程可能Mupita补充道。
(1美元= 18.1816兰特)(完Nqobile Dludla;完,路易丝天堂和Ed婚礼)
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