MTN Uganda sees sales rising 10%-12% in 2014

16 Jun 2014

Uganda’s cellular market leader MTN says it is expecting to see revenue growth of between 10% and 12% in 2014, with sales being boosted by its mobile money and data businesses. Chief executive Mazen Mroue told Reuters that the operator plans to spend UGX150 billion (USD72.4 million) this year to expand its high speed internet infrastructure, underpinning its focus on the data market. The operator says it is hoping to have signed ten million mobile subscribers by the end of 2014, up from 9.55 million at 31 March, reinforcing its position at the head of the country’s cellular market.

Uganda, MTN Uganda