MTN subscribers
MTN Nigeria Says it Supports New Government SIM Registration Rules
MTN, the multinational mobile telecommunications company, reassured its Nigerian investors on Wednesday that the country’s SIM registration rules will not have a huge impact on its finances. This comes after the Federal Government ordered all telecommunication operators to bar all SIMs that are not registered with National Identification Number (NIN). The government made this call in 2020 after the country saw an increase in abduction incidents. According to Tech Central, MTN shares tumbled 7.8% in Johannesburg on Tuesday as investors took fright at the decision by the Nigerian Communications Commission (NCC) to order mobile operators in Nigeria to bar outgoing calls from phone numbers not linked to the NIN system. MTN said that its Nigerian subsidiary has made good progress in registering...
MTN Group Posts “Strong” 2021 Results – $583M in Profits
South African telecom MTN has released its financial results for the year ended December 2021 and reported “strong financial, operational and sustainability results” through what the group is calling a “tough macro year.” MTN boasts that these very positive results were delivered through “strong strategic execution and sustained commercial momentum across 19 markets.” “We adapted to the extraordinary circumstances brought about by the COVID-19pandemic and started shaping the MTN of the future through the execution ofAmbition 2025,” said MTN Group President and CEO Ralph Mupita. Increased Earnings In constant-currency terms, service revenue grew by 18.3% to $11.4-billion, earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 23.7% to $582.6-Million and the EBIT...
Top 10 Largest Telecom Companies in Africa
Sourced from the Guardian Nigeria. The COVID-19 pandemic has spurred digital transformation initiatives across Africa, but it has also affected the revenues of its largest telecommunication firms. Almost all of the companies in this list had their bottom lines affected by the global pandemic either positively or negatively, however, a key trend is clear – customer bases are growing across the board as Africa is steadily developing. These telecoms represent an important technology in the continent, the technology that enables and facilitates communication. A vital innovation for developing economies. The following list takes into account both total annual revenue and current user base/subscribers to rank the telecoms. Here are the top 10 largest Telecom companies in Africa ranked: 10. Globa...
MTN Nigeria Launches Unlimited Music Streaming Data Bundles
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Nigeria has partnered with Audiomack to offer subscribers tailored data bundles for streaming unlimited music and accessing content on Audiomack free of data charges. The partnership is expected to see MTN subscribers gain free access to Audiomack’s streaming service via their mobile devices on weekly and monthly subscriptions. The weekly plan offers 1.2GB + Free Audiomack while the monthly plan offers 2.5GB + Free Audiomack. “At Audiomack, we recognise the importance of access to quality music, and this coupled with Nigeria’s vibrant music industry has influenced this partnership,” says Dave Macli, CEO and Co-Founder of Audiomack Africa. “This relationship not only allows us to create shared value for MTN subscribers by delivering ...
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 (...
