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MTN Group H1 revenue up 11% to ZAR 73 bln
2014-08-07 09:36:00| Telecompaper Headlines
(Telecompaper) MTN Group posted a 10.7 percent increase in revenue for the first half to ZAR 72.76 billion, as growth in smaller countries helped offset a cut to interconnection rates in its home market South Africa and a temporary sales ban in Nigeria. Good growth was experienced in data and MTN Mobile Money usage, but voice revenue continued to be impacted by aggressive competition, regulatory pressures and a weakening economic environment in key markets, the mobile operator said. Subscribers rose 3.5 percent from a year earlier to 215 million at the end of June. EBITDA increased by 19.6 percent to ZAR 33.66 billion, excluding the profit on tower sales, and the EBITDA margin expanded by 3.5 percentage points to 46.3 percent, driven by cost-containment initiatives. Distribution costs, inclusive of commissions, service provider discounts and marketing costs were significantly reduced, MTN said, while staff costs were lat year-on-year. Depreciation increased by 20.7 percent as a result of the accelerated capex roll-out in the second half of 2013, particularly in Nigeria and South Africa. Amortisation costs increased by 22.1 percent, driven by increased spending on software in Nigeria, Ghana and Uganda. Basic headline earnings per share still increased by 9.0 percent to ZAR 7.29.
Third try S Africas MTN in talks to buy Tatas telecom arms
2014-07-31 07:06:55| Steel - Topix.net
South Africa's largest telecom operator, MTN, is looking to foray into the Indian market again, this time by acquiring Tata Teleservices and Tata Maharashtra Ltd , sources with knowledge of the discussion said.
MTN offloads towers in Rwanda, Zambia
2014-05-01 02:00:00| Total Telecom industry news
IHS Holding takes control of 1,269 towers; will lease them to MTN, other operators.
Tags: zambia
rwanda
towers
mtn
Silversea Cruises onboard WiFi works like a dream through super MTN connections
2014-04-26 22:03:16| Wireless - Topix.net
The news made your National Cruise Examiner jump for joy this morning. MTN , a pioneer in broadband maritime communications, sent out a press release announcing that Silversea Cruises has extended its Broadband service.
Tags: works
super
dream
connections
MTN subscriber growth slows to 1.1% in Q1
2014-04-24 11:33:00| Telecompaper Headlines
(Telecompaper) MTN Group said it had signed up 210.07 million subscribers in 22 countries across Africa and the Middle East at the end of March, posting a 1.1 percent increase in its customer base compared to end-2013. The mobile operator added postpaid customers in its home market South Africa, but the total customer base there was down 3.7 percent in the three months, in part due to disconnection of inactive customers. In its largest market Nigeria, customer numbers were up just 0.8 percent, following a regulatory ban on Sim card sales in March. ARPU in local currency was down in most markets, with Iran, Syria and Ghana being notable exceptions. MTN said voice revenues remain under pressure, although this was offset somewhat by growth in mobile money and data services. Data revenues increased by 43.3 percent year-on-year and contributed 17 percent of total revenues, while mobile money customers were up 12.0 percent from a year ago to 16.6 million at the end of March. The operator did not report any further details on revenues. It said it remains focused on cost containment, as well as network development and infrastructure sharing.
Tags: growth
subscriber
q1
slows
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