MTN profits pick up by double digits, but it’s eyeing higher prices
Group core profit rose 15.1% in MTN’s half-year, despite data prices falling more than a fifth, and its looking to fund its network rollout
11 August 2022 - 08:52
Africa’s largest mobile-operator MTN says robust demand for its data and fintech services helped core profit rise by double digits in its half-year to end-June, but it is looking to increase prices in certain markets to fund the continued expansion of its network.
Increased smartphone penetration and an improving network helped data revenue grow more than a third in MTN’s half-year, with the group reporting core profit of R43.87bn, up 15.1% in constant current terms, before one-off items...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.