Skip to main content

MTN Group revenue up by 12% in 2013



 ... MTN Ghana recorded revenue increased of 13%

By: Fred Yaw Sarpong

MTN Group has announced increase of 12% in revenue growth for the period of 2013. This is about R136,495 million. However, the group recorded a subscriber base increase of 9.8% to 207.8 million.
Announcing the results via operating countries, the group stated that, “efficient execution of our extensive capital expenditure (CAPEX) programme significantly improved network quality and capacity, and facilitated higher voice and data traffic. This investment in capacity will also ensure that MTN remains competitive and is able to roll out solutions beyond traditional voice services.”
For the year ended 31 December 2013, MTN Ghana recorded growth of 13% increase in revenues and 10.2% increase in subscribers.
MTN Ghana ended 2013 with 12.9 million subscribers, of which 4.9 million were data subscribers, reflecting a 20.9% growth in data users.
Like other operating companies in the Group, MTN Ghana’s positive performance was driven by increased regional segmentation, acquisition and retention campaigns, improved network quality and capacity resulting from extensive network investments and a focus on MTN Mobile Money.
In 2013, MTN Ghana commenced major network expansion and modernization projects to upgrade and expand existing network infrastructure. In 2013 alone, a total of GHc274.3 million was invested in network and systems improvements which resulted in increased network capacity, expanded 2G and 3G footprint, improved data speeds and reduction in overall network congestion.
MTN currently has the widest 2G coverage across the length and breadth of Ghana and the widest 3G coverage in 170 districts across the country, having invested GHc1.69 billion in the network since its entry into Ghana in 2006.
As a result of these improvements, MTN Ghana subscribers are able to access the internet faster on their phones and on other devices; access online games and TV services; perform multiple services including voice, video calls, streaming and browsing while experiencing excellent quality.
The company plans to invest a further GHc311 million in network improvement and expansion in Ghana in 2014.
Commenting on MTN Group results, Group President Sifiso Dagbenwa said, “MTN is focused on delivering a distinct customer experience by improving network quality and capacity as well as providing value-added products targeted at our different customer segments. We continue to transform our organization through cost optimization and increasing operational efficiency which will help the delivery of sustainable returns for all our stakeholders.”
He stated, “We continued working towards our vision to lead the delivery of a ’bold, new Digital World’ to our customers and made good progress in the execution of our strategy in 2013. Over the medium term, our priorities are driving growth beyond voice, creating a distinct customer experience while ensuring that we optimize costs.
The Acting Chief Executive Officer (CEO) of MTN Ghana, Madam Cynthia Lumor said, “as market leaders we are happy to see the sustained growth in our business. We are committed to the continuous improvement of the network and we will continue to partner with the relevant stakeholders to ensure we exceed the expectations of our customers.’ Madam Lumor has been given a delegation of authority, as the CEO Mr. Serame Taukobong was of the country.


Comments

Popular posts from this blog

Deputy AG sues Facebooker over 'malicious' Ameri deal

The Deputy Attorney-General and Member of Parliament for Bolgatanga East, Mr Dominic Ayine has filed a defamation suit at an Accra High Court against a Facebook commentator, Evron Hughes.
In Mr Ayine’s statement of claim, sighted by Graphic Online, he accused Mr Hughes of defaming him in a post he authored and published on Facebook on December 21, 2015, titled “RE: AMERI TRANSACTION”.
According to the Deputy A-G, the “false and malicious” post has provoked “public disaffection” against him and exposed him to public ridicule and contempt.
Describing Mr Hughes as a “self-styled social media blogger and a social commentator”, Mr Ayine said the Facebook post had brought his hard-won reputation “as a respected politician, teacher and lawyer” into “hatred, ridicule, odium, discredit, contempt, opprobrium and reproach”.
The Deputy A-G said the “defamatory words” were authored with the sole intent to reduce him in the estimation of all right thinking Ghanaians, adding that he had received numerou…

Meet Ghanaian female shoemaker

The Saint Ozwald shoe brand

By: Fred Yaw SARPONG
The Daily Express

From her humble beginning in Sunyani in the Brong Ahafo region, a senior high female graduate from the Twene Amanfo Senior high in the Brong Ahafo Sunyani and a Ghanaian now boasts of being one of the most popular Made-in-Ghana shoe brands and has the most number of celebrity endorsements.
Sandra Ozwald, CEO of Saint Ozwald

After Sandrah Ozwald completed school in 2013, her parent couldn't have enough money to help her continue school so she planned to do something for herself by selling ice cream, groundnut cakes or food. Back at the senior high, Sandra used to make groundnut cakes, condensed toffees and ice cream to support herself since her mother couldn't provide all for her.

With 12 siblings and the only girl child (2nd born) among them, and whiles planning which of these to sell, Sandra attended a friend’s wedding and the grooms shoe looked so attractive to her.

According to her, the groom’s shoes were Ma…