MTN Ghana delivers double-digit growth for the year 2019

Must Read

- Advertisement -

MTN Ghana (Scancom PLC or MTNGH or the Company) delivered a strong performance for the year in a competitive industry, maintaining market leadership with 55.21% market share. Service revenue increased by 22.8% year-on-year (YoY), underpinned by growth in revenue from voice, data and Mobile Money (MoMo).

Double-digit growth in voice revenue (up 19.4% YoY) was driven by an increase in the number of active subscribers* (+11.2%), the benefits of various customer value management (CVM) initiatives and pro-consumer activity, as well as continued improvements to our network. As new lines of revenue continued to grow much faster than the traditional business, voice revenue’s contribution to service revenue decreased from 46.3% to 45.0%.

Solid data revenue growth (up 32.5% YoY) was attributable to growth in active data users# (+26.6%), growth in the number of smartphones (+18.5%) on the network and an increase in data usage (up 85.9% to 256,301 Terabyte). Data revenue’s contribution to service revenue expanded from 26.3% to 28.4%.

- Advertisement -
spot_imgspot_img

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Dollar To Naira Exchange Rate

Dollar To Naira Exchange Rate Today 28 September 2021 (Black Market...

Dollar to Naira exchange rate today 28 September 2021, black market rate has emerged. Brand Spur Nigeria has obtained the official dollar to naira exchange rate in Nigeria...
- Advertisement -
spot_imgspot_img

Latest News

Dollar To Naira Exchange Rate Today 28 September 2021 (Black Market Rate)

Dollar to Naira exchange rate today 28 September 2021, black market rate has emerged. Brand Spur Nigeria has obtained the official dollar to...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img