Telecom giant MTN sees an increase in their third quarter results
In South Africa, the telecommunications company service revenue remained flat at 1% growth.
Telecommunications giant MTN reported stronger service revenue and cash generation in the third quarter ended 30 September 2026. The company's service revenue remained flat in South Africa, growing by only 1% due to pressure on the prepaid customer voice market and lower mobile termination rates. MTN's overall performance in the nine months to 30 September 2026 showed a 17.2% increase in group service revenue to R176.2 billion, with strong acceleration in service revenue and earnings growth since May.
The number of customers increased by 7% to almost 323 million, with mobile money users reaching nearly 70 million. MTN's strong results were welcomed by market analysts, with the share price rising by over 2%.
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