South African firm says facing investor pressure over lower returns

07:43 - 21 September 2016

A man speaks on a mobile phone as he walks past a MTN shop at a shopping mall south of Johannesburg June 6, 2012.

Africa's biggest telecoms firm set aside 11.7 billion rand ($851 million)for capital expenditure in 2016

South African mobile operator MTN Group said on Wednesday investors were concerned with lower returns and revenue growth despite a boom in data traffic.

Africa's biggest telecoms firm, which set aside 11.7 billion rand ($851 million)for capital expenditure in 2016, said in a presentation to parliament further significant investment was required to deal with higher data traffic, as a result of spectrum constraints in the mature market.

($1 = 13.7500 rand)