MTN invests R29,9-billion in network capacity

MTN invests R29,9-billion in network capacity

MTN has reported a strong underlying operational and financial performance for the period ended 31 December 2024, despite earnings being down. Group service revenue decreased by 15,4% on a reported basis to R177,8-billion, but increased by 13,8% in constant currency; data revenue decreased by 12,3% on a reported basis, but increased by 21,9% in constant currency; and fintech revenue increased by 11% on a reported basis but increased by 28,5% in …

In a challenging macro, MTN Group reports strong underlying 2024 performance

Solid underlying performance with strong H2 financial results. Service revenue, earnings, cashflow and leverage all improved in the second half of the year Service revenue up by 14% in constant-currency terms; down 15% in reported rand terms  MTN Nigeria service revenue up by 35.6% and expected to increase in 2025 after tariff adjustments implemented in February 2025 MTN South Africa service revenue up by 3.1% with reported EBITDA margins strong…