MTN Group, one of Africa’s largest cellular mobile network operators is set to release its 2011 mid-year financial results in two weeks’ time, a company spokesman has revealed.
The company’s financial results release are scheduled for 17 August 2011 at the MTN Corporate Offices in Johannesburg, South Africa.
The company’s CEO Sifiso Dabengwa, will publicly announce their overall African operational performance.
MTN Group Spokesman, Rich Mkhondo, said the results announcement will be for the six months ended 30 June 2011.
The financial statement comes at a time MTN told ITNewsAfrica that the company plans to roll out over 1 000 Universal Mobile Telecommunications System (UMTS) base stations across SA’s rural areas, over the next two years.
Earlier this week MTN Chief Technology Officer, Kanagaratnam Lambotharan said the mobile operator’s vision was to provide mobile broadband connectivity throughout South Africa, citing the huge investments in solar powered radio transmission and Base Transceiver Station (BTS) sites.
MTN, which boasts a huge investment in the West Africa Cable System (WACS) and a substantial investment in East Africa Cable System (EASSy) said it would bring the much-needed broadband capacity to millions of its subscribers in the country and its operations across the continent and the Middle East.
“These investments in undersea cables have already decreased the cost of internet connectivity, further giving consumers an enhanced customer experience,” said Lambotharan.
He said MTN’s data pricing would gradually decrease as the cellular mobile operator started seeing more fibre links being rolled out across the country as well as undersea.
Lambotharan said many studies have proved that access to broadband helped to contribute to socio-economic development and led to a significant increase in a country’s GDP.
Lambotharan said Africa was still lagging behind in terms of broadband penetration, but was quick to point out that MTN was confident that when the undersea cables and fibre optic cables were operational they would spur socio-economic development and help the continent address the challenges of underdevelopment.
Savious Kwinika
MtN makes most of it gains in nigeria and yet MTN network in Nigeria is the worst network, and most expensive. Just taking all our money to South Africa, soon MTN will start to suffer in my country,Nigeria.
MTN are improving their Network in Nigeria. They are reinvesting into improving systems architectures etc. It is certainly not the worst network in the country…