MTN quarterly update - things back on track

This morning, MTN released their Quarterly update for the period ended 30 September 2017. Off the bat, it looks like the things that they can control seem to be going well and the things beyond their control, like currency and regulation are hurting them.

On a constant currency basis, Group total revenue increased by 6,9%, with Group service revenue up 7,4%. Data revenue increased by 31,4% and digital revenue was up 19,6%. Probably most impressive was MTN Nigeria, who reported a 11,2% increase in total revenue driven by data revenue growth of 72,1%. Another key region for the group is Iran, which saw revenue up 16.8% and Data revenue up 64.8%!

Here is a quick look at their subscriber numbers, they had to disconnect 750 000 subscribers in Uganda due to regulatory sim registration (the equivalent of being discontinued here due to not being RICA'ed).



They also say their executive team is now fully assembled, expect their new direction and flavour to come through in reporting periods going forward. All in all, things looks to be back on track.