MTN reaches 100 million subscribers
The MTN Group has reached the 100 million subscriber mark across its network operations in Africa and the Middle East. With its telecommunications network covering a population of approximately 500 million, the 100 million subscriber mark means that 1 in 5 people in MTN’s 21 markets in Africa and the Middle East subsribes to their ofeferings.
The Group recorded 98,203,000 subscribers at 31 March 2009 – up 8% from 31 December 2008 – touching the all-important 100 million mark in April this year as the telecoms operator signed up more customers.
MTN Group President and CEO Mr. Phuthuma Nhleko says: “For a 15-year-old company operating amid increased competitive intensity in all its markets, this is a most satisfactory performance by MTN. This affirms our leadership position in many areas of our business”.
“MTN’s success is also attributable to a business model that has included sound financial investment, strong corporate governance, effective management and corporate social responsibility,” explained Mr. Nhleko.
He paid tribute to MTN’s culturally diverse staff of over 40 nationalities across the company’s markets, saying their “can-do” spirit and “innovative mindset” had placed the MTN Group in a strong competitive position.
The proportional subscriber contribution between the regions remains relatively unchanged with that at 31 December 2008. South and East Africa (SEA) region contributed 26% (December 2008: 27%) of the Group’s total subscribers while West and Central Africa (WECA) and Middle East and North Africa (MENA) contributed 45% (December 2008: 44%) and 29% (December 2008: 29%), respectively.
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