Total subscribers increased by
0.8% to 288m
Active data subscribers increased by
9.2% to 150.2m
Data traffic increased by
35.7% to 9 054PB
Active Mobile Money (MoMo) monthly
active users (MAU) increased by
9.1% to 66.0m
Fintech transaction volumes increased by
18.0% to 9.7bn
Encouraging underlying operational momentum
“The momentum of our business was reflected in the continued growth of our ecosystem, with data traffic and fintech volumes up by 35.7% (36.7% excluding JVs) and 18.0%, respectively. In H1, we deployed R13.4 billion of capex, reflecting a capex intensity of 14.8%, largely reflecting lower spend by MTN Nigeria, as the Opco focused on reducing its exposure to US dollar denominated obligations. In the period, we rolled out 1 556 4G and 829 5G sites. Our focus on network quality and competitiveness has underpinned the NPS position in our consolidated markets.
“MTN delivered a solid underlying performance in H1 2024, with pleasing progress in some key markets. This result, achieved against a challenging macro backdrop, was underpinned by the continued execution of our commercial initiatives and Ambition 2025 strategy.”
Ralph Mupita
Group President and CEO
