MTN, with operations in Africa and the Middle East, said it is "cautiously optimistic" about its prospects for 2009 in challenging trading conditions. Its strategic priorities include acquisitions in emerging markets, "tightly monitored capital expenditure to ensure appropriate levels of capacity and quality of service for an enlarged market", infrastructure sharing and "engaging positively with the regulatory authorities".
Buoyed by strong subscriber growth in Iran and Nigeria, MTN said its revenue rose 40% in 2008 to 102.5 billion South African rand (10.1 billion US dollars) and its EBITDA climbed 36% to 43.2 billion South African rand. Capital expenditure rose 84% to 28.3 billion rand. source: MTN presentation