Uganda's Biggest Phone Firm Profit Rises 21%

Uganda's Biggest Phone Firm Profit Rises 21%

MTN Uganda's nine-month profit rose 21.2% to about US$139 million, helped by a tax settlement that did not repeat, and data growth slowed to 7.8%.

MTN Uganda Profit Jumps 21% to Shs571bn Despite Illegal Wi-Fi Eating into Data Revenue » Business Focus

Sylvia Mulinge, Chief Executive Officer of MTN Uganda MTN Uganda has reported an 8.5% increase in service revenue

MTN Uganda profit up 21pc to Sh18bn in nine months

MTN’s sales rose 8.5 percent to Sh91.8 billion, with mobile money and data leading the revenue growth.

MTN Uganda posts 8.5% revenue rise to Ush 2.88 trillion, driven by data and fintech

MTN Uganda’s nine‑month results show revenue up 8.5% to Ush 2.88 trillion, with data and mobile money fueling growth despite higher costs and a weaker shilling.

MTN Uganda grows revenue to Ush 2.88 trillion as data and fintech drive performance

MTN Uganda recorded an 8.5% increase in revenue to Ush 2.88 trillion in the nine months to September 2026, with its data and fintech businesses accounting for the bulk of growth, even as higher operating costs and currency depreciation weighed on its financial performance. The telecommunications operator reported service revenue of Ush 2.84 trillion for … The post MTN Uganda grows revenue to Ush 2.88 trillion as data and fintech drive performanc…

MTN Uganda’s nine months of 2026: the good, the cautious and the worrying

MTN Uganda entered the final quarter of 2026 with more customers, a larger network and growing demand for digital services. But the country’s largest telecom operator is finding it harder to turn that expansion into stronger earnings. Its nine-month results show an increasingly important fintech business alongside slowing data revenue growth, rising costs and weaker cash generation. For the nine months ended 30 September, total revenue rose 8.5%…