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| Staff Writer | August 17, 2011 | 3 comments |
Staff Writer
MyBroadband’s Staff Writer is directly plugged into the South African Internet backbone, and spits out press releases and other news as he receives it. ...
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MTN today unveiled their interim financial results for the period ended 30 June 2011, revealing good progress on their fibre networks
MTN today released their interim results for the period ended 30 June 2011, showing an overall revenue increase of 1.0% to R56,542 million. MTN further grew its total subscriber base to 152million subscribers.
MTN South Africa increased its subscriber base by 5.1% to 19.8 million for the six months to 30 June 2011.
MTN SA’s subscriber growth was mainly thanks to the prepaid segment which increased its subscriber base by 5.0% to 16.2 million subscribers helped by MTN Zone Mahala offerings and strong promotional campaigns. The postpaid segment subscriber base grew by 5.7% to 3.6 million subscribers.
Following the RICA deadline of 30 June 2011, MTN suspended 340,842 subscribers who had not been registered, of which 115,879 were reconnected by 31 July 2011.
MTN SA’s total revenue grew by 5.9% mainly due to the growth in airtime, subscription and data revenue. Data increased by 17.9%, excluding SMS.
MTN Data and Broadband
A year ago former MTN CEO Phuthuma Nhleko said that the company was increasing their investment in mobile broadband rollouts, revealing that MTN South Africa currently has 99% 2G population coverage and 48% 3G population coverage.
This data strategy seems to pay off, and MTN today announced that there were 4.6 million 3G devices on their network of which 2.6 million were smartphones. MTN further reported a total of 9.5 million data users on their SA network.
MTN continues its broadband network growth, and has completed their Southern and Northern Gauteng fibre rollout rings, comprising 220km of fibre, and traffic from leased lines have been successfully migrated to this network.
MTN added that 500km on their Durban to Johannesburg route – which forms part of the joint MTN/Neotel/Vodacom national fibre network – has been trenched. 469km on the Johannesburg to Bloemfontein route and 296km on the Bloemfontein to Cape Town route has also been trenched.
MTN South Africa has also embarked on a pilot long term evolution (LTE) network which consists of 100 LTE-capable base stations.
