MTN reports strong results

rpm

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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%.
 
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