MTN reports booming African customer base

6 Aug 2004

South African wireless holding company MTN has announced its fiscal 1Q results for the period ended 30 June 2004, which show that its customer based exceeded ten million, a 5.7% increase in three months. In its domestic market MTN reported a 3.6% increase in the quarter, with 1.2 million post-paid and 5.29 million pre-paid customers. Blended ARPU fell from ZAR203 to ZAR189; post-paid ARPU stood at ZAR585 while that for pre-paid customers was ZAR98. In Nigeria the company claimed a 47% market share with 1.966 million customers at the end of June, slightly below expectations. This was in part a result of the slower than expected rollout of its network, which at the end of June comprised 970 base stations; 30 new base stations are being added every month.

Elsewhere in Africa, MTN Cameroon claimed 625,000 customers, MTN Uganda 543,000, MTN Rwanda 158,000 and MTN Swaziland 91,000.

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