The Gabelli Global Content & Connectivity Fund on MTN Group Ltd.
Thesis
MTN is Africa's largest mobile network operator and has growth opportunities in data, fintech, and AI-enabled services. Management believes AI can create a sizeable new revenue stream over the next five years. The pending IHS Towers acquisition is also expected to create meaningful cost savings, supporting growing dividends and buybacks.
“MTN believes that AI can unlock a R30 billion revenue opportunity over the next 5 years.”