Q3 results

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    • #4135
      Nick Hargrave


      Strong results published this morning with ongoing growth across the business, including mobile money. Key cash flow figures are broadly in line with our forecasts for the year, though net debt is higher given the timing of spectrum payments which have been move heavily weighted to this year than anticipated with the Nigerian 5G spectrum being the biggest factor. Non cash finance charges (predominantly FX translation losses) impacted EPS so we expect the market to focus on that ‘negative’ headline in the short term

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