MTN Group expects to have 200 million subscribers on its network by the middle of the year, Engineering News reported. CEO Sifiso Dabengwa told the AGM that MTN had increased its subscriber base to 197.4 million in the four months ended 30 April. Dabengwa said MTN expected to deliver improved organic growth in revenue and EBITDA during 2013. The group's revenues had grown by 5.6 percent year-on-year in the four months to end April. Rand-reported revenues were up 15 percent year-on-year and were driven by a weaker rand against the dollar, while local currency revenues were down marginally year-on-year.
Dabengwa said that, despite the larger-than-anticipated cut in termination rates in Nigeria, the group remained comfortable with its guidance on MTN Nigeria's revenue and EBITDA margin for the full year. Meanwhile, MTN South Africa's performance was hit by weaker consumer demand and increased competition, but it maintained its relative revenue share in the first four months of the year.
The group's operations in Iran, Ghana, Sudan and Uganda showed healthy growth in both revenue and subscriber numbers for the period. Group data and SMS revenue continued to expand strongly in most markets, increasing their contribution to total group revenue to about 18 percent. Dabengwa stated that the implementation of cost-optimisation initiatives would remain a key priority for the group in the year ahead.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.
We have been keeping professionals in the telecoms industry up-to-date since 2000. Telecompaper is a well respected, independent research and publishing company focussed on the telecommunications industry.
3995 AA Houten
Phone: +31 30 6349600
Fax: +31 30 6349699
© 2000 - 2016 Telecom.paper BV. All rights reserved.
Telecompaper is a trademark of Telecom.paper BV. No part of this site can be reproduced without
the expressed permission of Telecom.paper BV. Our General Terms and Conditions can be found here.
Terms and Conditions