MTN optimistic in ‘challenging market’
TELECOMS| Aug. 8, 2012, 10:13 a.m.
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.
MORE TELECOMS NEWS
Kenya launches phase 2 of national fibre projectDr Fred Matiangi, cabinet secretary at Kenya’s Ministry of ICT, has launched phase two of the National Optic Fibre Backbone Infrastructure (NOFBI) project, which looks to ease communication across counties and improve government service delivery. Read More
MACRA welcomes new DGThe Malawi Communications Regulatory Authority (MACRA) has a new Director General, Mr. Andrew Kumbatira. Read More
Safaricom welcomes security scrutiny of SIM overlay technologySafaricom has welcomed the Communications Authority (CA) of Kenya’s decision to give tentative approval to the roll out of the SIM overlay technology. Read More
NCA urged to fight the rise of SIM Boxing in GhanaGhana’s National Communication Authority is being urged to consider reducing or taking away indefinitely the 19 cent being charged on international calls into the country. Read More
Vodacom: no plans to sell SA telecoms towersVodacom currently has no intention of selling its tower infrastructure in South Africa in spite of the continent-wide trend towards leasing rather than owning towers, saying the market drivers in the country are different to elsewhere in Africa. Read More
Vodacom Congo outgoing, new boss meet DRC Prime MinisterOutgoing Vodacom Congo Managing Director, South African-born Godfrey Motsa, last week went to the Office of DRC Prime Minister Matata Ponyo to say good bye and thanks as his term at the helm of the mobile operator ended this month. Read More
Tigo Ghana upgrades Customer Support CentresAs part of efforts to offer its customers highly interactive and a more satisfying experience, telecom service provider, Tigo, says it is upgrading its customer support centres to ‘Customer Experience Centres’. Read More
Vodacom Congo to extend coverage to Central DRCMobile operator Vodacom is preparing to extend its network coverage to the central regions of the Democratic Republic of Congo (DRC). Read More
Glo grows subscriber figures to 27.3 millionGlobacom says it has worked assiduously to grow its subscriber base to some 27.3 million. By this latest figure, the telco has overtaken Airtel. Read More
FEATURED STORYMFarmer SMS redefines market access for Ugandan farmers
Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures.
BEST READ NEWS
IN DEPTHiProcure delivers inputs to farmers’ doorsteps using ICTs
An innovation dubbed iProcure is already being used by several agro input firms which are now relying on it to distribute their products to farmers.
COMPANY NEWSSchneider Electric signs exclusive off-grid solar distribution agreement with Zimbabwean firm
Schneider Electric has announced the signing of an exclusive agreement with Samansco, a Zimbabwean renewable energy, back-up power and appropriate technology company.SAP Innovation Helps The Global Fund Fight AIDS, TB and Malaria in Africa
Extending a longstanding partnership, SAP is a founding member of The Global Fund’s new Innovation Coalition to support disease prevention and treatment.