MTN, the JSE-listed mobile phone operator, posted results it described as “solid” operational performance in the six months to June this year with growth realised in data and mobile money.

The firm, which connects more than 215 million people in 22 countries in Africa and the Middles East, said during the period under review subscriber numbers increased 3.5 percent to 215 million with revenues surging 11 percent to R72.7 billion ($6.7 billion).

MTN Nigeria revenue soared 21.5 percent to R27 billion ($2.5 billion) while MTN South Africa revenue were 7 percent lower at R19.1 billion ($1.7 billion).

Data revenue surged 38.9 percent to R12.7 billion ($1.1 billion) while data users were 7.3 percent higher at 88.5 million.

However, voice revenue continued to be negatively impacted by forceful competition, regulatory pressures and a weakening economic environment in key markets.

MTN Nigeria posted a healthy performance in keeping with market prospects but the South African operation remained under pressure and steps were taken to improve its performance, MTN said.

“We continue to explore opportunities to expand our product offering outside of traditional voice and expect to increase our presence in the digital space by leveraging technology and maximising the opportunity of low internet penetration in many of our markets,” MTN said.


http://www.ventures-africa.com/2014/08/mtn-sees-3-5-rise-in-subscriber-base-revenue-hits-6-7bn/

Yet... dont ask me what

Dear MTN,

It has come to my attention that you have recorded healthy profits in the Nigerian market.
That is tremendous. However, i am writing to notify you of a premium plot of land which i've just acquired, and
is situated in a choice location. This plot of land would be perfect to erect your masts and towers for
effective network dissemination to the community.

Features:
-Located very high above sea level for uninterrupted radio wave travel.

Plot Location: Nairaland FTC zone.
Size: 800 * 800 pixels.
Price: Negotiable.

Thank you.

SA cannot just f'k with Naija on any level ..... respect #TeamNigeria

I pay them over 10k on data monthly

MTN milking Nigerians dry since 1953.

Lets wake up Nigerians and discard MTN like SA did and are still doing.. Afterall, MTN is one of the poorest network provider in this country.

JUO: I pay them over 10k on data monthly

na dem send u message to buy GAME-BOY (Android)?

MTN I mean Empty Hen

.

MTN records massive profit in Nigeria with its numerous exploitative measures? SMH

Empty Hen

kobonaire: SA cannot just f'k with Naija on any level ..... respect #TeamNigeria

You no get sense!! they just bleeped Nigeria $2.5 billion and you are here feeling cool. How many Nigerian companies are taking $2.5 billion out of SA

NCC oya come here asap. Bring one excuse come. Dat money too much. In the next 5 years they will meet dangote($24bn)

So this is how they do it ooo chai. Them go send u one mumu text say make u send just ordinary "WIN TO 3880 AND WIN AN AEROPLANE". Chai empty-hen, diaris God o

Ok

That is to confirm the fact that Nigeria G.d.p and return on investment is higher than South Africa.

Out of exploitation I guess?

Do we have a Nigerian company making as much as this in a foreign land?

cash made from robbing Nigerians

Uhmm, you see, honestly i don't even know what to comment here. Some people are praising naija while others are dissing. Don't worry, i understand your pain because i absolutely do not know if this is a bad news or some kind of good news. Well if you're like me and don't know what to comment, i personally suggest we talk about, uhmm, i don't know, maybe FOOD? Or pictures of more food.




Now thats how to make a semi-long comment

Exploit us and rub it in our faces.. We smile, some even celebrate it and do nothing about it. Same old, nothing changed.

MTN: Money Theifing Network. The PDP party ruling network since 2001. If they are not charging too high on calls and data, they are delliberately siphoning your credits with no remorse. If its not their crooky methods of getting us to buy useless services like caller tunes, dialy/monthly/weekly subscritions for useless infos via sms which I can quickly get via google, its removing my cash for BB subscription which sometimes I never see. And to think that calling their customer care will only be adding GV to injury, how won't they thrive in my homeland more than theirs?

theplanmaker: cash made from robbing Nigerians

cash
[img]http://www.?aff=391[/img]

To generate a higher (far larger than forcecast) revenue, i recommend they slash their data fee & male it more affordable, reliable & faster otherwise, other competitions will take over the Nigerian market from them.


My little salt water kobo to them.

solid investment . keep it up!

Nigeria is their hotcake na,when MTN has no major competitor,and the laws of the land also favors MTN.

iwonbaoko: You no get sense!! they just bleeped Nigeria $2.5 billion and you are here feeling cool. How many Nigerian companies are taking $2.5 billion out of SA

true but Nigeria has also gained more .... think of the employment, secondary industries that exist because of MTN's operations etc ..all that values to much more than the $2.5B that they took out.. you do not blindly nationalize your companies, the world is becoming a global village and so you have to open your markets/economy to foreign investment.

Yet another reason to say that we are the biggest economy in Africa

GEJ Till 2019

money made from stealing. upon all these their data is still not cheap