0
Wireless

MTN Nigeria adds nearly 6 million customers in 2018

Thursday 7 March 2019 | 14:36 CET | News
MTN Nigeria said revenues for 2018 rose 5.3 percent year-on-year to ZAR 37.97 billion and were up 17.1 percent at constant exchange rates. Service revenue increased by 17.2 percent at constant rates to ZAR 42.15 billion. EBITDA grew by 17.8 percent to ZAR 1.57 billion and was up 30.7 percent at constant exchange rates, with the EBITDA margin up 4.5 percentage points to 43.5 percent. Capex declined by 18.1 percent to ZAR 6.89 billion, but MTN said it expects this to increase to ZAR 7.79 billion in 2018. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTN Nigeria
Countries: Nigeria
::: 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.


Related

MTN applies for share listing in Nigeria - report

Published 07 May 2019 09:21 CET | Nigeria
MTN Group has asked the Nigerian Securities & Exchange Commission for permission to proceed with a listing of its shares, ...

MTN Nigeria's investment in network expansion reaches NGN 2.5 trln

Published 14 Mar 2019 09:19 CET | Nigeria
MTN Nigeria says the total value of investment made since its entrance into the Nigerian market amounts to NGN 2.5 trillion, ...

MTN plans IPO in Nigeria in April or May once tax issue is resolved

Published 14 Mar 2019 09:15 CET | Nigeria
MTN Group plans to push ahead with an initial public offering of its Nigerian unit in April or May, once its resolves a USD 2 ...

MTN South Africa revenue up 5.1% in 2018

Published 07 Mar 2019 14:54 CET | South Africa
MTN South Africa revenues increased by 5.1 percent year-on-year to ZAR 44.65 billion in 2018. Service revenue advanced 4.2 ...

MTN plans asset sales, improves targets after rise in FY results

Published 07 Mar 2019 08:55 CET | Africa
MTN Group increased its subscriber base by 16 million in 2018 to 233 million customers across 21 markets in Africa and the Middle ...

MTN Ghana service revenue increases 23% in 2018

Published 04 Mar 2019 11:52 CET | Ghana
MTN Ghana's service revenue increased by 23.0 percent year-on-year in 2018, driven by strong growth in voice, data and digital ...

MTN Nigeria tax bill case postponed until 26 March

Published 11 Feb 2019 09:10 CET | Nigeria
A High Court judge has adjourned a USD 2 billion tax case with Nigeria's attorney general once again, this time to 26 March, ...

MTN Nigeria goes ahead with USD 53 mln payment to settle repatriation dispute

Published 23 Jan 2019 09:46 CET | Nigeria
MTN Nigeria has paid the USD 53 million settlement in the money transfer dispute with the central bank over repatriated funds and ...

MTN Group considers scrapping Nigerian IPO, may list existing shares instead

Published 02 Oct 2018 11:27 CET | Nigeria
MTN Group, which is facing a combined USD 10 billion in claims from Nigerian authorities, said it may no longer seek to raise ...

MTN Nigeria adds 2.3 mln new subscribers in Q1

Published 03 May 2018 15:30 CET | Nigeria
MTN Nigeria reported net additions in the first quarter of 2.3 million to reach a total of 54.53 million customers at the end of ...

MTN Group hopes to conclude Nigerian listing in 2018

Published 11 Apr 2018 09:36 CET | Nigeria
MTN Group says it expects the listing of its Nigerian unit on the Lagos stock exchange to be done by the end of 2018, its said ...