0
Mobile & Wireless

MTN eyes 200 mln subscribers by mid-2013

Wednesday 29 May 2013 | 10:20 CET | News

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.


Categories: Mobile & Wireless
Companies: MTN Nigeria / MTN South Africa
Countries: Africa
::: add a comment

Add comment

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.






3,160,000
Consumer broadband connections
Belgium  |  2013 Q4

Calendar   /   Industry Events

24 Apr Sequans Q1 2014
24 Apr Millicom Q1 2014
24 Apr Broadcom Q1 2014
24 Apr Time Warner Cable Q1 2014
24 Apr Sonus Networks Q1 2014
24 Apr Verisign Q1 2014
24 Apr Microsoft fiscal Q3
24 Apr Freescale Semiconductor Q1 2014
24 Apr Mobistar Q1 2014
24 Apr Amazon.com Q1 2014
24 Apr Netgear Q1 2014
24 Apr Shoretel fiscal Q3
24 Apr Mail.ru Q1 2014
24 Apr Internap Q1 2014
24 Apr MTN Q1 2014
24 Apr AltiGen Communications fiscal Q2
24 Apr Verizon Q1 2014
24 Apr Bharti Infratel Q4 2013-14
24 Apr Telecoms Fraud Management and Revenue Assurance World Summit 2014
25 Apr KPN Q1 2014
25 Apr Tele2 Q1 2014
25 Apr Orange Poland Q1 2014
25 Apr FET Q1 2014
28 Apr China Telecom Q1 2014
28 Apr EE Q1 2014
28 Apr Meru Networks Q1 2014
28 Apr NEC FY 2014
28 Apr Charter Communications Q1 2014
28 Apr Telenet Q1 2014
28 Apr STMicroelectronics Q1 2014
::: More Calendar Items