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MTN Now Has More Subscribers in Nigeria Than South Africa

May 25, 2007 • Top Stories

Nigeria now accounts for 13,384,000 of MTN’s 44,301,000 subscribers representing 30 per cent of it’s total subscriber base in 20 countries. According to the latest MTN Group results, as at March 31 2007, its Nigerian subscribers had surpassed South Africa’s 13,030,000 by 354,000, making Nigeria the telecommunications company’s highest money spinner.

It said Nigeria achieved the subscriber growth of nine per cent in the first quarter of 2007, from the 12,281,000 in December 2006, while that of South Africa only increased by four per cent from 12,483,000 during the same period.

The report, however, said South Africa’s 21 dollars average revenue per user on a monthly basis remained ahead of Nigeria’s 17 dollars a month. The MTN Group’s 44,301,000 subscribers as at March 2007 represented 11 per cent growth for the quarter from 40,051,000 subscribers reported for the Group as at December 31, 2006, it stated. The South and East Africa (SEA) region increased its subscriber base by six per cent for the quarter and growth in the region was driven principally by MTN South Africa, which showed a healthy improvement in network connections for the quarter. In the West and Central Africa (WECA) region, the 10 per cent growth for the quarter it said, was still mainly from MTN Nigeria’s contribution and to a lesser extent from Ghana and Cote d’Ivoire. “I am pleased with the subscriber growth we have recorded in the first quarter, which is in line with our expectations, said MTN group chief executive Phuthuma Nhleko

“Assuming the continuation of current market conditions, we expect the healthy subscriber growth trend across all our operations and to consolidate our position as the leader in emerging markets,” concludes Nhleko. The MTN Group operates in Botswana, Cameroon, Cote d’Ivoire, Nigeria, Republic of Congo Rwanda, South Africa, Swaziland, Uganda and Zambia. The group is a global sponsor of the 2010 Fifa World Cup taking place in South Africa and has exclusive mobile content rights for Africa and the Middle East.

Source: Vanguard

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