Published On: Thu, Mar 8th, 2018

MTN multimillion-dollar spend on ICT upgrades



JOHANNESBURG, (CAJ News) – MTN Group, the continent’s biggest mobile operator by subscriber base, has invested over R31,4 million (US$2,6 million) in rolling out network and information technology (ICT) across its markets over the past year.

Some 8 583 3G sites and 8 611 4G sites were rolled out.

“This investment has resulted in a marked improvement in network quality and capacity across a number of our markets,” the company stated on Thursday.

The South African headquartered company disclosed the figures on as it n it announced a positive set of results.

MTN announced revenue increases to R132, 8 billion for the year ended December 31.

Group service revenue increased by 7,2 percent to R124, 4 billion while data revenue increased by 34,2 percent to R28,2 billion.

The firm maintained its leadership status with 217,2 million with active data users of 69,1 million.

A final dividend of R4,50 was declared.

Rob Shuter, MTN Group President and Chief Executive Officer, said the company delivered a solid overall performance for the year, with progress on many fronts, despite difficult economic conditions as well as operational and regulatory challenges in certain markets.

MTN Nigeria, its biggest subsidiary, showed strong constant currency revenue growth and MTN South Africa’s postpaid business displayed encouraging improvements.

“The group’s top-line growth was driven by robust growth in data revenue (on a constant currency basis), supported by the combination of improving customer service and more stable and competitive networks,” Shuter said.
– CAJ News

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