MTN Group makes 100 million subscriber

The Rwandan MTN operation recently reached the 1 million subscriber mark contributing to the 26 per cent that the East Africa (SEA) region operations contribute to the group. The MTN Group has reached the 100 million subscriber mark in its drive to become the world’s leading telecommunications service provider in emerging markets. With a telecommunications network that covers a population of approximately 500 million, the 100 million subscriber achievement means that 1 in 5 people in MTN’s 21 markets in Africa and the Middle East is an MTN subscriber. The Group recorded 98,203,000 subscribers at 31 March 2009 - up 8 percent from 31 December 2008 - touching the all-important 100 million mark in April this year as the telecoms operator signed up more customers. MTN Group President and CEO Phuthuma Nhleko says, “For a 15-year-old company operating amid increased competitive intensity in all its markets, this is a most satisfactory performance by MTN. T his affirms our leadership position in many areas of our business”. “MTN’s success is also attributable to a business model that has included sound financial investment, strong corporate governance, effective management and corporate social responsibility,” explained Mr. Nhleko. He paid tribute to MTN’s culturally diverse staff of over 40 nationalities across the company’s markets, saying their “can-do” spirit and “innovative mindset” had placed the MTN Group in a strong competitive position. The analysis below is presented on a regional basis. The proportional subscriber contribution between the regions remains relatively unchanged with that at 31 December 2008. South and East Africa (SEA) region contributed 26 percent (December 2008: 27 percent) of the Group’s total subscribers while West and Central Africa (WECA) and Middle East and North Africa (MENA) contributed 45 percent (December 2008: 44 percent) and 29 percent (December 2008: 29 percent), respectively. The SEA region increased its subscriber base by 4 percent for the quarter. The South African operation contributes 69 percent to the region’s subscribers, increasing 2 percent to 17,428,000 for the quarter ended 31 March 2009. The modest increase in subscribers was due to the mix of seasonal trends, weakening economic conditions and aggressive competition. Uganda increased its subscriber base by 13 percent due to the continued success of MTN Zone. The WECA region increased its subscriber base by 10 percent for the quarter. The strong growth in the region was primarily due to growth in Nigeria which contributes 59% to the region’s subscribers and recorded a 12 percent increase in its subscriber base to 25,908,000. This was mainly due to continued improvements in network quality and capacity with 173 base stations added in the quarter. Ghana increased its subscriber base by 5 percent despite fierce competition. Both Cameroon and Cote d’Ivoire increased their subscriber bases by 7 percent to 3,824,000 and 3,810,000, respectively.The MENA region recorded a 9 percent increase in subscribers for the quarter. This was due to continued growth from the Iran operation, which contributes 63 percent to the region’s subscribers and increased its subscribers by 14 percent to 18,252,000. Ends