From SENS
MTN Group records 210,1 million subscribers and has a Market Cap of R 405 015 986m.
MTN is a leading emerging market mobile operator, connecting approximately 210 million people in 22 countries across Africa and the Middle East.
Highlights
- Subscriber growth of 1,1% quarter-on-quarter (QoQ) from December 2013
- Data revenues bolster performance, increasing 43,3% year-on-year (YoY)
- Continued growth momentum in large opco cluster
- Encouraging progress in Mobile Money with total registered subscribers now 16,6 million
- Continued focus on network roll-out and data offerings in Nigeria
MTN’s CEO and Group President Sifiso Dabengwa comments:
“MTN delivered a satisfactory performance during the first quarter of 2014, underpinned by strong data growth, competitive offerings and improved network quality and coverage. Our operating environment remains tough with persistent price competition and regulatory challenges in key  markets. Subscriber numbers grew marginally by 1,1% quarter-on-quarter from December 2013. This was mainly due to the ban on the sale of SIM cards in Nigeria during March, the disconnection of non-revenue generating subscribers in South Africa and slower subscriber growth in Iran.
“Data and Mobile Money remain key areas of focus for the Group as traditional voice revenue remains under pressure. We note encouraging growth in data revenues increasing 43,3% YoY and contributing 17,0% of total revenue and a 12,0% increase in Mobile Money subscribers. Cost containment and the execution of our infrastructure sharing strategy, particularly in South Africa, continue to make good progress.”
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