South Africa’s MTN (MTNJ.J), opens new tab mentioned on Monday its service income for the 9 months to September rose by 25.9%, pushed by robust performances in Nigeria and Ghana.
Africa’s largest telecom operator, which has greater than 300 million clients in 16 markets throughout the continent, mentioned that excluding the impact of forex fluctuations, group service income elevated by 22.6%.
MTN Nigeria led progress with a 57.1% rise in service income whereas MTN Ghana rose 35.9%, supported by decrease inflation and extra secure alternate charges.
Nevertheless, MTN South Africa noticed a slower progress of two% as positive aspects in post-paid and enterprise have been offset by continued stress in a extremely aggressive pay as you go market.
Information income elevated by 40%, pushed by an growth of energetic information subscribers and robust demand, MTN mentioned, whereas Fintech income rose 35.7%.
MTN mentioned 27.9 billion rand ($1.63 billion) in capital expenditure to assist broaden its business enterprise had helped drive progress in information visitors and fintech transactions.
MTN mentioned it plans to broaden its AI-powered digital inclusion initiative with Microsoft (MSFT.O), opens new tab throughout Africa in early 2026.
