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23m Users, MTN Adds In 2012

MTN group expects to add 23.7 million new customers for the full year to December this year it said on Thursday. The companys initial forecast was to add 21.25-million new

 
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10-26-2012, 04:31 PM
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23m Users, MTN Adds In 2012

MTN group expects to add 23.7 million new customers for the full year to December this year it said on Thursday. The companys initial forecast was to add 21.25-million new subscribers this year.

The revised forecast comes after a solid operational performance in the three months to September. The groups total customers grew nearly 4 percent to 182.7-million across its 21 operations in Africa and the Middle East.

The companys CEO Sifiso Dabengwa said the performance was underpinned by solid operational management and the rollout of appealing value propositions despite aggressive pricing competition regulations and economic challenges across its markets.

He said that MTN had continued to improve shareholder returns develop existing and new revenue streams optimise costs and improve customer experience. Most relevant during the quarter was the execution of competitive products and services in response to aggressive price declines in the market a continued focus on data growth and improved network roll out said Dabengwa.

It seems like they maintained or slightly increased market share in their major markets Mia Kruger a portfolio manager at Kruger International said. Generally the third quarter isnt their best quarter so I think its satisfactory given what they have been facing she said.

In SA MTNs customers rose 4.1 percent to 24.9 million mainly attributable to a strong performance in the prepaid segment.

Data a key focus for mobile network operators delivered a satisfactory performance despite strong competition which has seen tariffs come down across the market said Dabengwa.

In Nigeria where the company is spending about R10bn of its total capital expenditure of R24.4bn this year subscribers rose 5.7 percent to 45.6 million. This was attributable to successful competitive offerings which saw significant price declines driven by promotional activities.

However the company said parts of the network have experienced some deterioration in congestion levels.

Network quality and capacity remains a priority and are being addressed through a comprehensive network rollout programme. This will be a key focus over the next six to 12 months Dabengwa said.

In Iran MTN warned that while the unit continued to deliver a sound operational performance despite an increasingly challenging economic and political environment fourth quarter earnings would be affected by the local foreign exchange depreciation. MTN Irancell grew subscribers by 2.8 percent to nearly 39.4-million.

Looking forward to the balance of the year acceleration of our network expansion will be a key priority across the majority of our operations as network quality remains a key enabler for our business said Dabengwa.



23m Users, MTN Adds In 2012

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