MTN Ghana
MTN Announces 5G Roll Out Date in Ghana
Sourced from TheTechieGuy (https://thetechieguy.com/) The Ghanaian arm of the largest telecom company in Africa has announced its intentions to launch and make operational 5G services in the West African country by 2023. This comes as MTN has yet to fully cover Ghana with its 4G spectrum, but projects to gain 98% 4G coverage by the end of 2022. Currently, MTN’s 4G coverage has reached 73% of the country. ModernGhana reports that the company revealed that it is modernizing its infrastructure and working with regulators towards 5G and that it will seek to have 5G mobile connectivity operating in Ghana by 2023. MTN Ghana addresses a cross-section of journalists during its Editor’s Forum. Image sourced from ModernGhana.com. According to the CEO of MTN Ghana, Selorm Adadevoh, who made the annou...
MTN Ghana Appoints New Chief Sales & Distribution Officer
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MTN Ghana Donates $1.6-Million to Girls in ICT Program
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MTN Ghana Expects to Launch 5G in the Country Next Year
Sourced from TheTechieGuy (https://thetechieguy.com/) Selorm Adavehoh, CEO of MTN Ghana, has expressed his expectations that the operator will be able to launch 5G services in the country as early as next year. This comes from recent comments that Adavehoh made at the MTN@25 Business Executive Breakfast held at the Pan-African telecommunications company’s headquarters in Ghana, reported by Techgh2. “Innovation has been a key pillar of our growth,” Adavehoh said, quoted by Developing Telecoms. “We are always trying to make sure we can be the first to launch the next technology, but not only to be the first but to actually bring that technology to the market and create value out of that technology. So 2G, 3G, 4G, and now 5G hopefully next year.” MTN Redoubles Infratructure Plans In order to ...
MTN Plans to Build New ICT Centre in Ghana
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Group CEO Ralph Mupita has made a three-day visit to Ghana and launched major projects that the operator aims to achieve by 2022, Ecofin reported. It intends to improve and expand network infrastructure to bring quality telecom services to rural areas and supporting Ghana’s QR code project and other digital initiatives such as combating cyber-attacks and developing women’s participation in ICT, he said. Mupita also revealed MTN’s intention to build an ICT centre in Ghana and finalise the opening of 30% of MTN Ghana’s capital to local investors by the end of the year. MTN plans to open up 30% of the capital MobileMoney by January 2022, too. Since March, the company has initiated a strategic repositioning to attract third-party capita...
MTN Group Reports Service Revenue Growth in 2021
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Group has reported strong operational and financial performance for the first quarter of 2021. “The MTN Group has delivered a solid Q1 2021 trading performance, with service revenue and EBITDA margins expanding on the back of continued commercial momentum and resilient networks,” says MTN Group President and CEO, Ralph Mupita. He adds that the Group’s Ambition 2025 strategy had gained execution traction during challenging COVID-19 macroeconomic conditions in the quarter. In constant currency terms, service revenue grew by 17.8% to R42.3 billion at end-March 2021, earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 21.3% and the EBITDA margin widened to 44.2% from 42.7%. “The overall Group results were suppo...
MTN Ghana Promises $149 Million in Infrastructure Expansion
MTN Ghana has revealed its results for the quarter ended 31 March. The telco’s subscriberbase grew by 0.6 million to 25.0 million, as it improved its network and customerexperience. Continued demand for data and increased adoption of more digital payment services supported the active data subscribers’ growth of 0.4 million to reach 11.2 million and MoMo users growth of 0.1 million to reach 10.7 million. Most notably, MTN Ghana revealed that it would spend around $149 million in total CAPEX in the year to meet the heightened need for reliable and resilient voice, data and digital services. “We remain in line with our medium-term target to improve our margins and prudently manage our costs. EBITDA grew by 24.6%, with a corresponding margin expansion of 1.2 percentage points to 54.6%. Th...
MTN Group Adds 29 Million Subscribers Despite a Challenging 2020
MTN added 29 million new subscribers in 2020, to reach a total of 280 million across 21 markets. The group also reported a 52% increase in adjusted headline earnings per share, a four percentage point increase in return on equity to 17% and a more than doubling in operating cashflow to R28,3 billion. “We continued to perform favourably against our medium-term targets,” says MTN President and CEO, Ralph Mupita. “In constant currency terms, service revenue grew 11,9% to R170 billion and EBITDA increased by 13,4%, maintaining our strong operating leverage. The Group’s EBITDA margin improved by 0,9pp to 42,7%, benefiting from the execution of our expense efficiency programme.” The solid results were supported by growth in MTN’s larger operations as well as a broad-based improvement across...
MTN Adds 12 Million New Subscribers in Q3
MTN Group has reported a strong set of financial results for the third quarter, supported mainly by its larger operations in South Africa, Nigeria and Ghana as well as the addition of 12 million new subscribers across the continent. “As the COVID-19 pandemic has continued to impact lives and livelihoods across our markets, the group has demonstrated strong operational execution and resilience,” says MTN Group president and CEO, Ralph Mupita. To meet the increase in data and digital usage, he added that MTN had focused its investment on network capacity and resilience and modernising its IT systems, spending R16 billion in the year to the end of the third quarter. Service revenue grew by 11,4% to more than R43 billion. Earnings before interest, tax, depreciation and amortisation (...
MTN Ghana to Become a Fully Digital Operator by 2023
MTN has introduced a month-to-month payment option that aims to give customers “control of their spend commitments”. With no lock-ins, no credit checks and no complicated paperwork, MTN Month-to-Month is available to anyone that either doesn’t want to be tied to a contract or who is unable to get a long-term contract due to not meeting minimum requirements. New or existing customers simply need to choose the package they want and opt for the month-to-month payment option, allowing them to experience the MTN network without a 24-month obligation. All they will be asked for is their name, SA ID and debit order details should they opt to pay via debit order. “These are uncertain times for many, so with this product, we are responding to our customer’s needs with greater flexibility, as not ev...
MTN to Focus on African Markets and Ditch Middle East
MTN has announced that it is focusing its strategy on the African markets. “As part of our ongoing portfolio review, we believe the group is best served to focus in the future on our pan-African strategy,” says MTN Group CEO, Rob Shuter. “We will, therefore, be exiting the Middle East in an orderly manner over the medium term. As a first step, we are in advanced discussions to sell our 75% stake in MTN Syria.” The news comes after the telco announced that it added 11 million subscribers in the first six months of the year to reach a total base of 262 million. By the end of June 2020, MTN had 102 million active data users and 38 million active Mobile Money users. Despite lockdown restrictions impacting network rollout, MTN Group invested R10 billion in capital expenditure across...
MTN Ghana Continues to Fight Against Regulator’s Attempts to Restrict Operations
Sourced from The Techie Guy MTN Ghana has initiated a new move in seeking a judicial review of Ghana’s National Communications Authority (NCA)’s decision to declare the telecom a Significant Market Power (SMP) in the country. MTN says that this declaration could mean significant regulatory restrictions being placed upon it by the NCA which could potentially limit the telecom’s growth in the country, as well as its performance, innovativeness and competitiveness in the global telecoms market. MTN Ghana heads to court All Africa reports that a statement issued by MTN Ghana in Accra on Friday and signed by its CEO, Selorm Adadevoh, who says that that the SMP declaration raises concerns about clear procedural breaches. /* custom css */ .tdi_3_ec2.td-a-rec-img{ text-align: left; }.tdi_3_ec2.td-...
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