MTN Group has today announced its financial results for the year ended 31 December 2014. According to the results, MTN Uganda registered an increase its subscriber base by 18,0% to 10,4 million, driven by bundled voice products, improved 3G coverage and increased take up of MTN Mobile Money.
The telecom giant has increased their market share to 56.8% followed by Airtel Uganda despite operating in a highly competitive market made up of six operators. They also registered revenue increased by 6,8%, supported by a 36.6 % increase in data revenue. By year-end, data contributed
24.7% to total revenue. Data trends were supported by value-added services and enhanced marketing.
There remains significant opportunity for increased 3G penetration in the country.
“7.3 million Mobile Money Subscribers”
MTN Mobile Money has continued to perform well and recorded a 40.9% increase in registered subscribers to 7.3 million. Usage was stimulated by a wider mobile payment product range and a new enhanced technology platform by Ericsson.
MTN Uganda’s EBITDA (earnings before interest, taxes, depreciation, and amortization) margin increased by 3.3 % points to 39.2% thanks to strong cost control. The Capital Expenditure (CAPEX) in the year amounted to $ 56.7 million, with 157 new 2G sites and 140 co-located 3G sites rolled out,
improving quality and capacity on the network.
MTN UGANDA FINANCIAL YEAR RESULTS 2014 INFOGRAPHIC
Source: MTN Group