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

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