Briefs
MTN lifts H1 profit 9%, data unit robust
JOHANNESBURG (Reuters) – South African wireless carrier MTN Group reported a 9 percent rise in first-half profit on Thursday, as strong demand for its high-margin data services offset slow voice growth at home.
MTN's share price is up at 10h00 on the day
Data consumption is expected to be the driving force behind the domestic mobile firms in the next few years. Earlier this year, Cisco Systems Inc forecast South African mobile data traffic growth will compound at 53 percent in five years to 2018.
($1 = 10.7318 South African rand)
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