MTN group on Thursday disclosed its interim financial results for first-half of the year 30th June 2017 showing that it has returned to a better revenue performance in the first half of the year, helping the group to move on from a turbulent 2016 that highlighted the risks of its emerging markets strategy.
A New group “BRIGHT” strategy
MTN Uganda interim H1 results: Show growth everywhere
MTN Uganda increased its subscriber base by 5.8% to 11.2 million with a market share of 54.70%, driven by attractive personalized bundled products like SWIFT and WFT and other voice bundles. The MTN Group report also commended MTN Uganda’s superior network quality and effective distribution. The telecom giant has so far successfully registered 89% of the subscriber base under the new SIM registration requirements by UCC ahead of the end-August 2017 deadline that was extend after a Presidential directive.
Total revenue increased by 9.4% to UGX 673 billion, supported by strong growth in data and digital. Data revenue increased by 29,2% to R 286 UGX 77 billion. This was mainly underpinned by an increase in data traffic and good growth in data bundle adoption.See a detailed breakdown of revenues illustrated below.
Digital revenue increased by 19.7% to UGX 171 billion, supported mainly by Mobile Financial Services like mobile money. The number of active Mobile money customers increased by 11.3% to 4.6 million
The company also recorded an increased average revenue per user (ARPU) from $ 2.06 (UGX 7,399) now at $2.11 (UGX 7,635). This indicates the average revenue received from your paying users on the MTN Uganda network.
Find the entire financial results here.
This article has been corrected to reflect figures from Trillion to Billion. We apologize for the initial error.