MTN sees underlying results improve in H1

Thursday 3 August 2017 | 11:04 CET | News
MTN Group's revenue decreased by 18.5 percent to ZAR 64.315 billion in the first six months of 2017. Excluding currency effects, revenue rose 6.7 percent, underpinned by 10.8 percent growth in its largest market Nigeria and a 5.2 percent improvement in service revenue growth in South Africa. MTN Uganda, Ghana and Ivory Coast also contributed positively to the group's top-line growth. MTN Cameroon experienced a challenging period, negatively impacted by the data network shutdown in some parts of the country in the first quarter. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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.


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 / MTN Cameroon / MTN Ghana / MTN Nigeria / MTN Uganda
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.


MTN Nigeria reopens talks with SEC over share listing

Published 17 Aug 2017 11:12 CET | Nigeria
MTN Nigeria has resumed talks with the Securities and Exchange Commission (SEC) over plans to list its shares on the Nigerian ...

MTN Nigeria names Okigbo as corporate relations executive

Published 08 Aug 2017 10:59 CET | Nigeria
MTN Nigeria has announced the appointment of Tobechukwu Nkemdilim Okigbo as the new corporate relations executive. Okigbo joins ...

MTN Ivory Coast grows subscriber base in H1

Published 03 Aug 2017 15:09 CET | Cote d'Ivoire
MTN Ivory Coast showed a positive turnaround in the first half of 2017, according to its parent company. The unit benefited from ...

MTN Uganda grows H1 revenue 9.4%

Published 03 Aug 2017 13:36 CET | Uganda
MTN Uganda's revenue increased by 9.4 percent in local currency in the first half of 2017 compared to the same period in 2016, ...

MTN Cameroon H1 revenue falls 4.3%

Published 03 Aug 2017 13:33 CET | Cameroon
MTN Cameroon's revenue declined by 4.3 percent in the first half of 2017 in local currency. The operator continued to experience ...

MTN Ghana subscriber base declines to 17.3 mln in H1

Published 03 Aug 2017 13:10 CET | Ghana
MTN Ghana's subscriber base declined by 10.3 percent in the first half of 2017 to 17.3 million, impacted by an internal review of ...

MTN Irancell revenue up 17% in H1

Published 03 Aug 2017 13:01 CET | Iran (Islamic Republic of)
MTN Irancell's revenue increased by 17.2 percent in local currency in the first six months of 2017, driven by increased data ...

MTN South Africa adds 443,000 subscribers in H1

Published 03 Aug 2017 12:48 CET | South Africa
MTN South Africa increased its customer base by 443,000 in the first half of 2017 to 31.2 million at the end of June. The ...

MTN Nigeria sheds nearly 9 million customers in H1

Published 03 Aug 2017 12:32 CET | Nigeria
MTN Nigeria lost 8.876 million customers in the first half of 2017 for a total 53.1 million at 30 June, following lower gross ...

MTN Group sees improved profit in H1

Published 28 Jul 2017 09:51 CET | Africa
MTN Group is expecting its interim headline earnings per share (HEPS) to swing to a profit, of between ZAR 2.10 and ZAR 2.30. ...

MTN Group appoints procurement, supply chain head

Published 04 Jul 2017 14:30 CET | Africa
MTN Group has appointed Dirk Karl to head up group procurement and supply chain management, effective no later than 1 November. ...

MTN Group plans to buy 49% of Iranian Net for ZAR 540 mln

Published 08 May 2017 14:35 CET | Iran (Islamic Republic of)
MTN Group has signed a non-binding preliminary agreement to invest approximately ZAR 540 million in fixed broadband provider ...

MTN Group revenue rise over 7% in Q1

Published 04 May 2017 08:58 CET | Africa
MTN Group revenue for the first quarter increased by 7.1 percent year-on-year, supported by a 29.4 percent improvement in data ...

MTN Nigeria pays NGN 30 bln to government

Published 31 Mar 2017 16:45 CET | Nigeria
MTN Nigeria has made a payment of NGN 30 billion to the Nigerian government in part settlement of an NGN 330 billion fine imposed ...

MTN Group mulls rand-bond sale amid Nigeria woes - report

Published 08 Mar 2017 16:27 CET | Africa
MTN Group is reportedly gauging investor interest for its first sale of rand-denominated bonds in seven years, as it struggles to ...

MTN group FY revenue flat amid forex woes, customers up 3.3%

Published 02 Mar 2017 09:30 CET | Africa
MTN Group revenue for 2016 was little changed at ZAR 146.89 billion compared with ZAR 146.35 billion in 2015. Revenue growth was ...

MTN appoints executive for group transformation

Published 03 Feb 2017 10:54 CET | Africa
MTN Group has appointed Saim Yaksan as executive for group transformation, effective immediately. Yaksan's appointment follows ...

7.45 million
TV connections
Netherlands  |  2018 Q2

Calendar   /   Industry Events

22 Oct Grameenphone Q3 2018
22 Oct SCTE ISBE Cable Tec Expo
22 Oct International Conference of Data Protection and Privacy Commissioners
23 Oct Modern Times Group (MTG) Q3 2018
23 Oct Logitech fiscal Q2
23 Oct Juniper Networks Q3 2018
23 Oct Corning Q3 2018
23 Oct Millicom Q3 2018
23 Oct Verizon Q3 2018
23 Oct AudioCodes Q3 2018
23 Oct FCC Open meeting
24 Oct Orange Belgium Q3 2018
24 Oct KPN Q3 2018
24 Oct STMicroelectronics Q3 2018
24 Oct Smith Micro Q3 2018
24 Oct Atos Q3 2018
24 Oct AT&T Q3 2018
24 Oct Technicolor Q3 2018
24 Oct F5 Networks fiscal Q4
24 Oct Telenor Q3 2018
24 Oct M1 Q3 2018
24 Oct Microsoft fiscal Q1
24 Oct Line Q3 2018
24 Oct HPE Securities Analyst Meeting
24 Oct ENISA – Europol Conference on the Internet of Things
24 Oct Women in TMT M&A
24 Oct Broadband World Forum
25 Oct Iridium Q3 2018
25 Oct Snap Q3 2018
25 Oct Netgear Q3 2018
::: More Calendar Items