South African telco MTN's service revenue rises over 17%
Editor:
Tuğçe Nur Kaya
South Africa's MTN Group said on Monday its service revenue rose more than 17% in constant-currency terms in the nine months ended September 30.
South Africa's MTN Group said on Monday its service revenue rose more than 17% in constant-currency terms in the nine months ended September 30, helped by a recovery in Nigeria and continued strong performance in Ghana.
Africa's biggest telecoms operator said third-quarter service revenue increased 16.6%.
The company, which has been exploring banking licences in select markets to expand lending from its own balance sheet, posted group service revenue of 176.2 billion rand ($10.68 billion) in the nine months to September 30.
MTN said it expects fintech revenue growth for full-year 2026 to remain below its medium-term target range after disruptions to its Airtime Advance business in Nigeria, although it expects the service to recover to pre-suspension levels by the end of the year.
TRT Afrika / reuters — TRT Afrika / reuters
Photo: Reuters
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