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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, March 9, 2011

MTN Sees Slowing Subs Growth


Pan-Africa mobile operator MTN said that its revenues increased 14% at contant currencies in 2010 to 114.7 billion South African rand (16.68 billion US dollars), thanks to a 22% uplift in subscribers (25.6 million) to 141.6 million. Although MTN cut capital spending in 2010 by 38% to 19.5 billion rand, it plans to increase capex in 2011 to 22.1 billion rand. It also forecast that its subscriber base will grow by 16.9 million in 2011.  source: MTN presentation
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