Subs Growth Slows at MTN

The MTN Group, with operations in 21 markets across Africa and the Middle East, said that its subscribers rose 8% during the first quarter to more than 98 million. In the same period of 2008, subscriber numbers rose 11% to more than 68 million.

MTN's group ARPU fell 6% during the first quarter of 2009, dragged down by the addition of lower-spending customers, seasonal factors, a slowdown in consumer spending and currency movements. source: MTN statement