ICT Africa Headline News

MTN Group Revenues, Subscribers Up

07 August, 2014

Source: CAJ News

 
By Mthulisi Sibanda:

Johannesburg — THE MTN Group has delivered a solid set of results for the half year ended June 30.

Group subscribers went up 3,5 percent to 215 million while revenue increased by 10,7 percent to R72,75 billion during the period.

MTN Group President and CEO, Sifiso Dabengwa, said the operational performance for the six-month period was "solid."

"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," he said.

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 company said.


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