The only company to appear in the FM's top 20 in all four years since inception, MTN has delivered growth off a rising base . It has an appetite for risk and is prepared to pay for acquisitions it thinks attractive - as in the US$5,5bn offer for Lebanon-based Investcom. The offer represented a 27% premium to the company's share price at the time. CEO Phuthuma Nhleko said this was "quite reasonable in the context of telecom operators nowadays".
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