MTN tops 182.7 million subscribers

BUSINESS

|
Image: By BiztechAfrica
MTN tops 182.7 million subscribers

MTN reports that it delivered a ‘satisfactory’ set of results for the quarter ended 30 September 2012, increasing subscriber numbers by 3.8% to 182.7 million.

The Group said its performance was underpinned by solid operational management and the rollout of appealing value propositions despite aggressive pricing competition, regulations and economic challenges across the different markets in which the Group operates.

It said this solid operational performance over the past quarter has enabled MTN to increase guidance for net additions for 2012 from 21.25 million to 23.70 million.

MTN said in a statement: “MTN has continued to implement on its strategic pillars of improving shareholder returns, developing existing and new revenue streams, optimising costs and improving customer experience. Most relevant during the quarter was the execution of competitive products and services in response to aggressive price declines in the market, a continued focus on data growth and improved network rollout. Looking forward to the balance of the year, acceleration of our network expansion will be a key priority across the majority of our operations, as network quality remains a key enabler for our business.”



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE BUSINESS NEWS

RubiBlu eyes African growth

SA-based software firm RubiBlu plans to expand in Africa on the back of significant growth. Read More

MTN Business partners Ghana SME 100 Ranking

MTN Business has been announced as the headline sponsor of the first annual Ghana SME 100 ranking, an initiative put in place to identify and honour the country's top 100 local Small Medium Enterprises.  Read More

Banks deny charging customers for BVN

Money deposit banks (MDBs) have denied allegation that they were milking their customers through ongoing Bank Verification Number (BVN) project of the Central Bank of Nigeria (CBN). Read More

Schneider Electric to acquire InStep Software

Schneider Electric, the global specialist in energy management, has entered into an agreement to acquire InStep Software, a leading provider of real-time performance management and predictive asset analytics software and solutions.  Read More

AfricaOnline managed service solution launched in Ghana

Pan African telecoms operator, Gondwana International Networks (GIN) has announced that its AfricaOnline business has launched a managed infrastructure and services solution in Ghana.  Read More

4th Annual CIO100 awards open for application

In conjunction with PwC, the CIO 100 awards, now in its fourth year, is now open for applications. Read More

Kenya’s Wananchi Group raises $130m for African expansion

Kenya’s Wananchi Group, which owns the Zuku pay-TV and fibre brands, has raised US$130 million in funding to expand in East and Southern Africa.   Read More

Investor networks to work towards pan-African Business Angel Network

Investor networks from across Africa attending last week’s DEMO Africa event in Lagos, Nigeria agreed to investigate how to form a pan-African Business Angel Network focused on early stage SME investing on the continent. Read More

Uche Ofodile joins Tigo as CEO in DRC

Former Chief Marketing Officer for Vodafone Ghana, Uche Ofodile has joined the Millicom Group as the Chief Executive Officer for Tigo DRC.  Read More

MTN Business partners with City Lodge Hotel Group

MTN and City Lodge Hotel Group have announced a partnership to improve connectivity and telecommunications services across more than 50 hotels in SA and Botswana. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Growing African focus on data securityGrowing African focus on data security

Beachhead Solutions’ new SA and Mauritius country manager explains the challenges and solutions around securing customer data and compliance with new personal information legislation.

IN DEPTH

Africa lags on digital migration Africa lags on digital migration

Only three African countries have so far completed the digital migration process, and serious issues are hampering the migration in other nations.  

COMPANY NEWS

CNN, MultiChoice name top African Journalist 2014

Kenyan journalist Joseph Mathenge has been awarded the top prize at this year’s CNN MultiChoice African Journalist 2014 Awards Ceremony.