MTN Q3 results

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 (...