MTN Reports Strong Service Revenue Growth

For the first half of 2026, MTN reported a 17.5% year-on-year increase in service revenue on a constant currency basis to 115.3 billion South African rand (7.2 billion US dollars). 

The pan-African telco said its "active home customer base" rose 58.2%. "Growth was underpinned by continued FWA scale and an accelerated shift towards fibre: FTTH expanded materially faster than FWA and increased its contribution to the active home base," the telco said. "MTN Nigeria led the Group's fibre momentum with rollout and customer connections materially ahead of plan."  MTN is deploying FTTH selectively "in attractive urban clusters and leveraging 4G/5G FWA for scalable expansion."

MTN also said its fintech revenue (including airtime advance) increased by 13.3% year-on-year. "We expect revenue growth to progressively improve in H2 2026, as lending is reinstated in Nigeria through the four newly onboarded providers and volumes ramp up over the period." it added. "Growth is expected to remain below the medium-term guidance range of high-20% to low-30% in the near term, but to re-accelerate through advanced services monetisation advance rebuild." Source: MTN collateral

Uber Gears Up For Self-Driving Future

Uber said it expects to commit more than 10 billion US dollars, across equity investments, infrastructure, and vehicle offtake commitments, "over the coming years" to bring autonomous vehicles to market at scale. 

Autonomous vehicles are live on Uber in seven cities, and that number should rise to 15 by year-end, the company added.  "Across our ecosystem, partners have now committed approximately 120,000 vehicles to the Uber network over the coming years."  Source: Uber

SpaceX Lifts Capex Sixfold

SpaceX reported a 92% year-on-year increase in revenues for the second quarter to 7.8 billion US dollars, driven by a 66% rise in connectivity revenues and a 247% rise in AI revenues. 

However, capital spending for the quarter rose more than sixfold to 18.4 billion dollars, with investments in AI accounting for 15.8 billion dollars of that. SpaceX said it has expanded compute capacity to 1.4 GW, up from 0.4 GW a year ago, "with the continued build-out of Colossus II (a large data centre in Tennessee) and with significant incremental capacity under construction." source: SpaceX statements

Supply Constraints Will Slowdown Apple

Apple reported a 16% year-on-year increase in revenue for the quarter ended June 27 to 109.4 billion US dollars, driven by a 22% increase in iPhone revenue. In the current quarter, Apple expects revenue to rise between 9% and 11% year-on-year, due to foreign exchange headwinds and a significant increase in supply constraints, related to memory chips. Source: Apple statements