MTN SA delivers resilient performance in full-year results

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MTN SA delivers resilient performance in full-year results
Mobile-MoneyMomoMTN South Africa
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The overall MTN SA result was supported by a 6.4% increase in subscribers to 39.8 million, a net addition of 2.4 million in the year.

MTN SA sustained a resilient overall performance with service revenue growth of 3.1% for the year, underpinned by network availability improvement and commercial initiatives.

It notes that prepaid data returned to growth from November. The overall MTN SA result was supported by a 6.4% increase in the number of subscribers to 39.8 million, a net addition of 2.4 million in the year, says the company. Total data revenue increased by 2.9% – with an encouraging acceleration in growth to 5.5% in Q4 – and contributed 47.8% to MTN SA's total service revenue, it adds.

Furthermore, it notes, MTN SA continued to execute on its home strategy, revitalising postpaid FWA, fibre-to-the-home and mobile internet offerings, which were well-received by customers. This resulted in a 3.5% YOY base expansion. The outcome in voice performance was also enabled by an acceleration in Xtratime penetration, which reached 40.3% in Q4, up from 36.4% in Q4 2023.

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