Mobile service provider MTN today released their results for the year ended 31 December 2012, and showed that mobile subscribers to the network grew by 15,1% to 189,3 million.
“Over the past year, subscribers increased 15,1% to 189,3 million, a strong result in the face of the ongoing subscriber registration requirements and network challenges in key markets. The low levels of mobile penetration across our markets should support continued strong subscriber growth,” MTN said in a statement.
In terms of income, the group increased their revenue by 10,9% (R135 112 million), while organic revenue growth for all operations excluding Nigeria increased 12,3%. “Despite a challenging period for Nigeria (revenue -0,8%) following significant tariff declines amid heightened competition, the last quarter of 2012 has delivered consistent month-on-month growth, highlighting the strong underlying demand which we expect to continue in 2013. Nigeria negatively impacted the Group’s overall margin performance but has enjoyed an improvement in the fourth quarter which we expect to continue during 2013,” it said.
The group also released statistics on the number of sites it erected during the last year, which increased to 7 168. “We delivered on our commitment to shareholders and customers to accelerate our network rollout, with 7 168 (3 685 2G and 3 483 3G) sites delivered during the year, a significant improvement on the 4 126 sites completed in 2011.”
Mobile data also proved to be on the increase for the mobile operator, as they saw an 58,5% increase in data revenues, while data traffic on MTN’s network was 65,9% higher at 30 521 TB. “While South Africa remains the main driver of data revenue, contributing 43,9% of the total, the 111,6% local currency (“LC”) growth in Nigeria highlights the growing contribution from data across operations.”
MTN added that the pre-paid market still delivers some growth. “Airtime revenue grew by 4,8% to R21,1 billion largely due to subscriber growth. During the year, MTN South Africa sold 6,7 million prepaid phones and 1,3 million post-paid phones,” it said.
Charlie Fripp – Consumer Tech editor