Expect a much better broadband network from MTN

MTN has released its financial results for the year ended 31 December 2014, which highlighted the company’s multi-billion rand network investment plans.

The company said over the last year it added 520 new 2G sites and 904 3G sites. MTN’s 3G South African population coverage improved to 87%.

“As a result of improved performance in the second half – with voice traffic volumes up 31% year on year and growing demand for data – we will increase capex significantly in 2015,” MTN said.

“This will be focused on improving the quality and capacity of the 2G and 3G network and rolling out LTE”.

Growth in data revenue

While MTN South Africa’s total revenue declined by 3.9% to R38.9 billion, data revenue increased by 7%. By year-end, data revenue made up 23.8% of total revenue for MTN SA.

“While data revenue only increased 7% there was a meaningful improvement in the fourth quarter with mobile data revenue growth of 17% when compared to the same period last year.”

Fourth quarter 2014 on third quarter 2014 mobile data revenue growth for MTN SA was 42.3%.

This growth was thanks to increased 3G coverage, improved smartphone adoption, and tailored data bundles.

The number of smartphones on MTN’s network increased by 17.8% to 5.9 million, and the number of data users increased by 20.1% to 17.1 million.

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Expect a much better broadband network from MTN