MTN Group mobile subscribers exceed 204 million

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MTN Group, Africa’s largest mobile telecommunications company said on 24 October 2013, that the number of subscribers grew by 1.1% to 203.8 million in the third quarter.

MTN currently operates in 22 countries. It said subscriber growth was affected by price competition and registration regulations.

In Nigeria the company reported strong local currency revenue growth of 10.4% in the third quarter.

MTN said there was continued strong momentum in group data for nine months‚ which rose by 34.7%.

In its mobile money division it now had 13,4m subscribers‚ while capital expenditure was on track in key markets‚ supporting overall growth.

In the South African market conditions remained challenging because of the regulatory environment and stiff competition.

Average revenue per user (ARPU) for all 21 operations, excluding South Sudan is also included.

MTN South Africa showed some progress after a challenging first half‚ but the company expected conditions to remain challenging for the rest of the year.

The operation added 233‚000 subscribers‚ bringing the total number 25.2 million at the end of the quarter.

MTN said revenue growth declined because of lower effective voice tariffs and slower subscriber growth.

“Data remained the largest contributor to revenue growth‚ with an increase of 16.6%. Data users increased to 13.9m as a result of attractive data packages being sold,” the statement said.

The company says that MTN Nigeria delivered a satisfactory performance‚ maintaining market share‚ in a highly competitive market.

“The key focus during the quarter was on improving network quality and introducing more value-added services to customers. There has been a significant improvement in network quality with 812 2G and 497 3G sites added in the quarter,” it said.

The quality and capacity of the network now met regulatory key performance indicators‚ allowing MTN to implement promotional products and services. Segmented product offerings remain a focus as price competition persists.

MTN Ghana performed well in a competitive environment‚ maintaining market share. Subscribers increased by 1.4% to 12.8 million.

“During the quarter the operation focused on Internet and mobile money awareness and educating customers on the value and benefits of related products. Local currency data revenue increased 67.3% y/y and contributed 8.3% of total revenue and supported the continued double-digit growth in reported revenues,” MTN said.

Mobile money continued to gain traction‚ with 2 million mobile money subscribers in Ghana at the end of September 2013.

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