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Nigeria: MTN Gets Over Four Million New Subscribers

MTN’s Group Chief Executive Officer, Phuthuma Nhleko, has said that the telecommunications operator increased its subscribers’ base in Nigeria by 4.2 million in the first half of 2010.

He said this not long ago at the presentation of the company’s reviewed interim results for the six months ended June 30 in Johannesburg, saying that the operator’s subscribers globally had reached 129.2 million.

Nhleko, presenting the report, said that the subscribers’ base of MTN Nigeria had grown from 30.8 million in December 2009 to 35.1 million by June, representing a 14 per cent increase.

He said that following the increase, the telecommunication company reviewed its expected six million new subscribers envisaged for 2010 from Nigeria to 6.35 million.

Nhleko said that MTN had recorded increased market share in the Nigerian telecommunications market, where it had 51 per cent by June.

He said that the local currency revenue increased by 14.7 per cent in the first half of 2010, explaining that it translated to a disappointing 7.7 per cent decline in Rand terms due to its strength against the Naira.

He put the revenue in Rand terms at R16.5 billion.

Nhleko said that local currency Average Revenue Per User (ARPU) declined by 10 per cent compared with December 2009 “in line with penetration into lower usage segments, with reported ARPU for the period of USD11”.

He said that reduction in the interconnect rates had an effect on the ARPU.

Nhleko said that the company had reduced its capital expenditure during the period by almost 50 per cent.

He said the company expanded its transmission backbone with a further 694 km deployed in Maiduguri-Yola-Gombe axis.

The MTN Group Finance Director, Mr Nazir Patel, said that the company had registered one million subscribers in the ongoing SIM registration exercise in Nigeria.

He said that the revenue trends had also shown a growth of more than 100 per cent from data services, excluding SMS in the company’s Nigerian operations due to the launch of Blackberry services.

The News Agency of Nigeria (NAN) reports that MTN in its group results for the period, announced a revenue decrease of 2.2 per cent to R56.0 billion.

Its Earnings Before Interests, Tax, Depreciation and Amortization (EBITDA) also decreased by 1.1 per cent to R24.2 billion compared with the prior comparative period.

Source: Daily Trust Nigeria.   Image:

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