S.Africa's MTN ups dividend as profit rises 20 pct

South Africa's MTN Group (MTNJ.J) posted a 20 percent rise in full-year profit on Wednesday and sharply increased its dividend payout. MTN, which operates mobile phone networks across Africa and the Middle East, said its total users grew 22 percent to 141.6 million. Consultancy Bain & Company said in a study last week that 68 percent of Africa's population will have mobile phones in 2014, compared with 45 percent in 2009.