MTN grows subscribers, revenue

MTN Group continued to deliver a solid performance in the twelve months to 31 December 2007, driven mainly by mobile subscriber growth across all operations.

The Group’s consolidated revenue increased by 42% to R73.1 billion largely owing to strong subscriber growth.

MTN recorded 61.4 million subscribers at 31 December 2007, a 53% increase from 40.2 million at 31 December 2006, as penetration rates increased in most markets.

In South Africa MTN increased its subscriber base to 14 781 000 subscribers with an average revenue of R 149.00 per user.

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