MTN posts strong first-quarter earnings and subscriber growth in West Africa
Data revenue from Nigeria and Ghana up in the three months to March 31 while company extends its 4G network in Africa’s most populous state
MTN operations in Nigeria and Ghana reported strong growth in earnings and subscriber numbers in the March quarter, lifted by demand in data.
In Nigeria, MTN’s biggest market, the company added 4.2-million subscribers taking the total to 68.5-million. In Ghana, MTN’s third-biggest market by revenue, the number of customers rose 6.2% to 23.9-million. Earnings before interest, tax, depreciation and amortisation were up 34.5% to GH¢768m...