MTN optimistic of turnaround after plunging into the red

JSE-listed MTN believes it is on the mend and is seeing the first signs of a turnaround after plunging into the red during what it described as the most challenging year in the company's 22-year history. With its Ignite initiative and various other strategies in play, MTN hopes to reverse the impact of a series of material regulatory, macroeconomic and political challenges experienced across its regions, which forced the company into a decline during the year ended December 31.