MTN optimistic in ‘challenging market’

TELECOMS

|
Image: By BiztechAfrica
MTN optimistic in ‘challenging market’

Telecoms giant MTN says in its latest interim results report that it will increase its focus on products and services as competition in the market intensifies.

The group’s results to end June 2012 show 17.5% year on year revenue growth to R66.4 billion, net attributable profit increase to R21.6 billion and subscriber growth of 6.9%.

MTN said it remained optimistic, notwithstanding challenging market conditions. With an aggressive 3G roll-out , a comprehensive device strategy and appealing local content, the Group saw its data (excluding SMS) contributing 10% to Group revenue. MTN expects its data strategy to be further supported by the West African Cable System (WACS), which became operational in May this year.

It also noted that its Mobile Money, now available in 13 countries, now has 7.3 million users.

The Group says as markets mature and competition intensifies, its key priorities over the next six months will be to maintain its leadership position with an increased focus on customer experience and countering competition through innovative and relevant products and services.

This strategy will be supported by continued investments in infrastructure to ensure quality and capacity, the rollout of efficiency initiatives and value accretive M&A opportunities.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE TELECOMS NEWS

New entrant Equitel carves out 1.9% share of mobile subscriptions

The Mobile Virtual Network Operator (MVNO) Finserve Africa (Equitel) acquired a share of 1.9 per cent of the total mobile subscriptions by registering 665,661 mobile subscribers between January and March, says CAK. Read More

Vodafone Ghana provides ‘live-chat’ platform for customers

Vodafone Ghana says it has launched an online ‘Live Chat’ and ‘Support Centre’ to enhance its range of customer care channels that offer timely and convenient response to customers’ queries. Read More

Juwah’s tenure at NCC ends

Dr. Eugene Juwah’s tenure as the Executive Vice Chairman of the Nigeria Communication Commission has come to an end. Read More

Etisalat sues MTN over anti-competitive practices

Etisalat has instituted legal action against Nigeria’s dominant operator, MTN, over practices it says threaten its business. Read More

Orange increases interest in the Moroccan operator Méditel with the acquisition of an additional 9%

Fipar-Holding (the Moroccan Caisse de Dépôt et de Gestion group), FinanceCom and Orange signed the final documentation increasing Orange's interest in Méditel, the Moroccan telecommunications operator, in application of the agreements they signed in December 2010. Read More

Safaricom gives network assurance ahead of Obama visit

Safaricom has assured its subscribers that minimal network disruptions shall be experienced during visit of US president Barack Obama. Read More

Airtel unveils next gen enterprise solution in Ghana

Maxwell Dodd, Director of Airtel Business, Airtel Ghana Airtel Ghana says it is setting the new standard for Enterprise business solutions with the  launch of its business oriented sub brand, Airtel Business. Read More

Tigo Africa Customer Operations Director visits Ghana

The Customer Operations Director for Tigo Africa, Ingeborg Nieuwenhuis, has just concluded a week-long visit to Ghana.  Read More

Tigo reinforces security at cell sites due to battery theft

Tigo says it is determined to invest to ensure a reliable and stable network for its customers despite rampant cable cuts and increasing battery theft.    Read More

MTN Ghana introduces Relationship Managers

Subscribers of MTN Ghana can now get any challenges resolved quickly and amicably, thanks to the introduction of Relationship Managers at MTN Ghana’s 82 customer service points across the country. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

Kenyan SACCOS riding on innovation to attract customersKenyan SACCOS riding on innovation to attract customers

As confidence in mainstream banks remains low due to prohibitive interest rates, customers are embracing Savings and Credit Cooperatives (SACCO) as an alternative.

IN DEPTH

As curtain falls on MDGs, what next?As curtain falls on MDGs, what next?

Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.