MTN grows subscriber base and revenue in South Africa
MTN has reported good first quarter 2021 results thanks to a strong performance in South Africa and accelerating growth from data and fintech services.
MTN Group’s service revenue grew by 17.8% to R42.3 billion for the quarter. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 21.3% and the EBITDA margin widened to 44.2% from 42.7%.
MTN has reported good first quarter 2021 results thanks to a strong performance in South Africa and accelerating growth from data and fintech services.
MTN Group’s service revenue grew by 17.8% to R42.3 billion for the quarter. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 21.3% and the EBITDA margin widened to 44.2% from 42.7%.