30th September 2020

MTN Group revenue rises over 7% in Q1

 

MTN

MTN Group revenue for the first quarter increased by 7.1 percent year-on-year, supported by a 29.4 percent improvement in data revenue. Subscriber numbers fell by 1.5 percent quarter-on-quarter to 236.8 million, largely as a result of restatements to subscriber numbers in Ghana, Rwanda and Zambia. MTN did not provide earnings information.

Network improvement continued across the group, particularly in the Nigerian, South African and Iranian operations supported by year-to-date capital expenditure at ZAR4 619 million. Voice traffic (billable minutes) increased by 2 percent and total data traffic by 145 percent. Across the rest of the region the subscriber base remained flat. Uganda, Rwanda and Swaziland contributed positively, however growth was offset by a decline in subscribers in Zambia, South Sudan and Botswana.

Source: Telecompaper