MTN South Africa reported a quarterly increase in revenue and decline in earnings, and sees inflation easing.
MTN South Africa has invested R6.6 billion into its network during the last quarter for additional capacity and resilience in the face of load-shedding.
Earnings before interest, taxation, depreciation, and amortisation was down 6.9% year-on-year , including the once-off gain on the disposal of SA towers.“This was impacted by topline pressures, the revised management fee, as well as higher power and other network resilience-related costs,” the company stated.
It also reported seeing further upside in usage trends, with an active prepaid data subscriber consuming an average of 3.0GB of data a month .Consumer postpaid service revenue increased by 3.6%. MTN said this was supported by growth in subscribers, the sustained uplift in data consumption and price-up initiatives implemented in the first half of the year.
Consumer prepaid service revenue declined by 3.1% YoY, and MTN said this demonstrated a continued sequential improvement on a quarterly basis.
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