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MTN Group grows underlying service revenue 10% in 2019

Wednesday 11 March 2020 | 09:49 CET | News
MTN Group announced its service revenue increased by 9.8 percent in 2019 to ZAR 141.8 billion, and EBITDA expanded by 13.6 percent to ZAR 53.4 billion in constant currency terms. The company also improved its leverage ratio to 2.2x following its strategy to sell non-core assets, and reduced capex intensity to 17.5 percent from 19.3 percent, indicating greater efficiency in deploying assets.

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