How much money MTN makes in each country

MTN has released its financial results for the year ended 31 December 2015, which show that the group’s revenue increased 0.1% to R146 billion.

MTN increased its subscriber base by 4.1% to 232.5 million, while data revenue increased 302% to R33.9 billion.

The company’s EBITDA – which is essentially “revenue minus expenses” excluding interest, taxes, depreciation, and amortization – decreased 8.6% to R60 billion.

The group’s earnings before tax, depreciation, amortization, interest, and goodwill impairment losses (EBITDA) margin declined 3.9 percentage points to 40.9%.

How much MTN makes in each country

The table below shows how much revenue MTN generates in the countries in which it operates, and what the EBITDA is in each of these countries.

MTN’s ‘Small opco cluster’ comprises units in Yemen, Afghanistan, Benin, Congo, Zambia, Guinea, Rwanda, Cyprus, Liberia, Botswana, Guinea-Bissau, Swaziland, and South Sudan.

MTN’s ‘Large opco cluster’ includes operations in Iran, Ghana, Syria, Cote d’Ivoire, Cameroon, Uganda, and Sudan.

MTN Revenue and EBITDA per country
Country Revenue (millions) EBITDA (millions)
Nigeria R51,942 R27,504
South Africa R40,038 R13,370
Large opco cluster R31,358 R10,944
Small opco cluster R23,290 R7,525
Iran R13,660 R5,665
Ghana R7,903 R3,197
Ivory Coast R6,424 R2,195
Cameroon R5,806 R2,101
Uganda R5,148 R1,775
Sudan R3,472 R1,216
Syria R2,605 R460

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How much money MTN makes in each country