MTN Uganda's subscriber base increased by 12.3 percent to 14.2 million by 31 December 2020 from 12.6 million on the same date in 2019. Active data users increased by 34.8 percent to 4.6 million and traffic rose because of Covid-19 led to teleworking and home education. Mobile money (MoMo) users grew by 14.4 percent year-on-year to 8.5 million, spurred by the move to cashless financial transactions to avert the spread of the disease.
EBITDA in constant currency terms increased by 14.9 percent YoY in 2020, with a 2.4 percentage point increase in the EBITDA margin to 49.5 percent. This was driven by a cost efficiency programme.
CEO Wim Vanhelleputte said with the planned listing of MTN Uganda on the Uganda Securities Exchange, the telecom company looks forward to enabling the public to own a part of the company, which will further accelerate performance. He said the company will continue to invest heavily over the next five years in infrastructure development and advanced technologies for better customer service.
