MTN Group reported reaching 300 million subscribers while service revenue climbed to R160.38 billion during the first nine months of the fiscal period, driven primarily by operations in Nigeria and Ghana. The telecommunications provider experienced growth of 25.9 percent in total revenue, with Nigeria contributing significantly through a 57.1 percent increase and returning to positive retained earnings that enable resumed dividend distributions. Data consumption and mobile money transactions totaling 16.9 billion bolstered financial performance across African markets.
The company attributed expansion to increased demand for mobile internet services, fifth-generation network investments, and financial technology platforms that have become central to operations spanning 19 countries. South African markets demonstrated moderate advancement through postpaid subscriptions and enterprise solutions despite regional economic pressures, while improved conditions in other territories supported steady currency valuations and reduced inflation challenges for the telecommunications giant.
The company attributed expansion to increased demand for mobile internet services, fifth-generation network investments, and financial technology platforms that have become central to operations spanning 19 countries. South African markets demonstrated moderate advancement through postpaid subscriptions and enterprise solutions despite regional economic pressures, while improved conditions in other territories supported steady currency valuations and reduced inflation challenges for the telecommunications giant.
