MTN celebrates growth in the first quarter of 2021

MTN has had a good start to the year and has experienced significant growth in revenue from data and fintech services. This achievement supports the mobile telecommunications group’s plan to anchor its attention on Pan-African markets.

The group managed to attain excellent results across consumer and enterprise services as well as wholesale businesses. Figures are as follows:

  • MTN’s revenue increased by 17.8% to R42.3 billion from March 2021 through to April 2021.
  • The group’s income before interest, tax, depreciation, and amortisation (EBITDA) rose by 21.3%
  • The EBITDA margin widened from 42.7% to 44.2%.

This healthy growth relates to the increased subscriber base, which grew by 95, 000 in this first quarter to reach an impressive 32.1 million. Pre-paid subscribers make up 6.8 million of the overall subscribers.

The mobile and broadband provider also proved to maintain good momentum in traffic volumes and mobile data revenue increased by 18.5%. Data traffic growth increased by 76.3%, which coincides with the new data tariff which was reduced by 33%.

So far, MTN has not only retained its leading position as Best Network in South Africa and in each major metropolitan area, including Johannesburg, Tshwane, Cape Town, and Durban, but it has also strengthened its stance, making it difficult for its competitors to break barriers.

With its success, the corporate telecommunications company has also continued to play an active role in prioritising the health and safety of its employees and customers and plans to share its profits.

“We are pleased to have made a $25 million donation in support of the African Union’s programme to secure much-needed COVID-19 vaccines. This partnership deepens MTN’s role in the ongoing work to save lives in the markets in which we operate. Importantly, it aligns with our ambition to create shared value and ensure the continent’s future progress and prosperity,” says MTN’s President and Chief Executive Officer Ralph Mupita