South Africa's MTN flags lower H1 profit, shares slide

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South Africa's MTN flags lower H1 profit, shares slide
July 19, 2016 JOHANNESBURG, July 19- Africa's biggest mobile phone operator MTN Group flagged lower first-half profit on Tuesday, blaming a hefty fine in Nigeria and sending its shares sliding nearly 4 percent. After months of talks, MTN said on June 10 it had agreed to pay a heavily reduced fine of 330 billion naira, or a third of the initial penalty, in a settlement with Nigeria... Source: http://www.cnbc.com/2016/07/19/reuters-america-south-africas-mtn-flags-lower-h1-profit-shares-slide.html