MTN Group 6M21 revenues up 19.7% to ZAR81.9bn

12 Aug 2021

MTN Group’s service revenues rose by 19.7% to ZAR81.9 billion (USD5.6 billion) in the six months ended 30 June 2021, up from ZAR80.2 billion in 6M20. The group notes that this increase was led by growth of 9.3% in South Africa, 23.8% in Nigeria and 25.5% in Ghana. In operational terms, the group reported a total of 277.3 million subscribers across 21 markets, down by 2.3 million on an annualised basis.

MTN Group President and CEO Ralph Mupita commented: ‘Notwithstanding the many challenges presented by the COVID-19 pandemic, MTN delivered a solid H1, exceeding most of the Group’s medium-term targets through sustained commercial momentum as we executed on our Ambition 2025 strategy.’

South Africa, MTN Group