https://www.engineeringnews.co.za

MTN’s subscriber base, revenue grow in Q1

3rd May 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Mobile network operator MTN’s subscribers increased by 1.9% quarter-on-quarter with net additions of 4.1-million in the first quarter of this year, while active MTN mobile money users increased by 3.9% quarter-on-quarter to 22.7-million.

Subsequently, MTN’s service revenue increased by 9.1% and its data revenue by 26.9%, as it executed its dual-data strategy that ensures appropriate data coverage across the company’s footprint.

MTN South Africa’s service revenue increased by 2.5%, while the earnings before interest, taxes, depreciation and amortisation (Ebitda) margin increased by 150 basis points year-on-year to 35%.

The growth was supported by data and digital revenue, which increased by 12.1% and 17.7% respectively, while outgoing voice revenue decreased by 9.2%; data traffic increased by 49%, which was supported by a 14% increase in active data users.

MTN Nigeria’s service revenue grew by 14.4%, while its Ebitda margin increased by 340 basis points to 41.8%.

 MTN Irancell’s service revenue grew by 15.2%.

MTN group president and CEO Rob Shuter commented that, during the quarter, the company continued to focus on operational execution across its markets, leveraging off the strong network investment of the past few years.

This allowed MTN to deliver an acceleration in service revenue growth to 9.1%, which was led by MTN Nigeria and MTN Ghana.

Group voice revenue growth of 5.4% for the quarter benefited from strong growth in Nigeria and Ghana of 15.2% and 20.6% respectively.

Meanwhile, the group-wide network investment enhanced data quality in metro areas in South Africa and Nigeria.

The company is also making progress on its initial public offerings (IPOs) in Nigeria and Ghana, which the company will conclude before the end of this year.

“On April 20, we received all required regulatory approvals to proceed with the IPO in Ghana, which we expect to launch in late May,” reported MTN.

In South Africa, MTN is engaging with authorities on the proposed amendments to the Electronic Communications Act to find a solution that would best deliver the most cost-effective coverage for South Africans, as well as much-needed resources for the national fiscus.

MTN’s share price on the JSE rose 1.7% on Thursday to R128, compared with Wednesday’s closing price of R126.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Alco-Safe
Alco-Safe

An unmanned breathalyser that is made to be tough and simple to use. Can be used in any environment for operator-free breathalyser testing.

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.189 0.243s - 164pq - 2rq
Subscribe Now