{"id":47968,"date":"2023-03-13T00:00:00","date_gmt":"2023-03-13T00:00:00","guid":{"rendered":"http:\/\/timessouthafrica.com\/?guid=d4a297a7741da7846f990365f14ce2e1"},"modified":"2023-03-13T00:00:00","modified_gmt":"2023-03-13T00:00:00","slug":"mtn-increases-revenues-subscriber-base","status":"publish","type":"post","link":"https:\/\/timessouthafrica.com\/mtn-increases-revenues-subscriber-base\/","title":{"rendered":"MTN increases revenues, subscriber base"},"content":{"rendered":"<p>(CAJ News)  MTN has reported group service revenue growth of 14,4 percent to R196,5 billion (US$10,8 billion) for the year ended December 31, 2022.The pan-Africa mobile operator disclosed group data revenue was up by 30,4 percent to R73,7 billion.Group fintech revenue increased by 8,6 percent to R17,3 billion during the period.<br \/>\nSubscribers increased by 6,1 percent year-on-year (YoY) to 289,1 million in MTN&#8217;s 19 markets.Ralph Mupita, MTN Group President and Chief Executive Officer, said the company delivered a solid operating and financial performance in 2022, as it continued to execute on its Ambition 2025 strategy.<br \/>\n&#8220;We are pleased with the business&#8217; continued resilience under challenging global and regional macroeconomic conditions,&#8221; Mupita said.In South Africa, operating conditions were significantly impacted by the national grid power availability that worsened in the second half of the year.<br \/>\nlobally, ongoing geopolitical volatility, supply chain constraints driven by China&#8217;s zero COVID-19 policy and exchange rate volatility also added pressure to operating margins.&#8221;In the context of the ongoing macroeconomic and geopolitical volatility, we remain focused on executing our Ambition 2025 strategy,&#8221; Mupita said.<br \/>\n CAJ News\n<\/p>\n<\/p>\n<p>Source: CAJ News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CAJ News)  MTN has reported group service revenue growth of 14,4 percent to R196,5 billion (US$10,8 billion) for the year ended December 31, 2022.The pan-Africa mobile operator disclosed group data revenue was up by 30,4 percent to R73,7 billion.Group&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - 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