MTN Group's revenues up 11% in 2012

Group's subscriber base reaches 189.3m; data revenues rise 58%

Tags: MTN GroupSouth Africa
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MTN Group's revenues up 11% in 2012 MTN saw revenue growth of 11% in 2012.
By  Roger Field Published  March 6, 2013

South Africa's MTN Group posted revenues of R135 billion ($14.9bn) for the full year 2012, a rise of almost 11% compared to the previous year.

EBITDA increased 7% to R58.5bn, and EBITDA margin remained stable at 42.9%. CAPEX reached R30bn in 2012.

The telecom group did not disclose its net profits for the year.

MTN Group's subscriber base increased 15.1% to 189.3m. Data revenues increased 58.5% to R14.5bn.

MTN said in a statement that 2012 was "characterised by the continued global economic slowdown", increasingly competitive mobile markets and regulatory and political challenges.

The telecom group added that its new group structure, which was put in place in early 2012, had led to a better execution of strategies across the various business units.

"After a challenging 2012, the group is well positioned for 2013. We expect to deliver continued organic growth in both revenue and EBITDA and anticipate reaching the milestone of 200m subscribers by mid-year," the telco said.

"The recovery in the performance of our key Nigerian operation is expected to continue throughout 2013. This together with a lower tax rate and the benefits of the substantial network investment made in 2012 across all operations, which is to be continued in 2013, is likely to support growth in reported earnings in 2013. We continue to explore value accretive M&A activities."

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