MTN, LIT Exposed To Currency Volatility, Inflation Risks In Nigeria

LAGOS – MTN and Liquid Intel­ligent Technologies (LIT) are exposed to inflation and currency depreciation in their South Afri­ca, Zimbabwe and Nigerian mar­kets, said Moody’s Ratings, adding though that regional telecoms oper­ators stood to benefit from booming population and increased uptake of mobile services. South African telecoms groups have forayed into regional mar­kets, including MTN [...]

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