MTN Group service revenue rises 19% in first 9 months

MTN Group said its service revenue increased 19.1 percent year-on-year to ZAR 125 billion in the first nine months of 2021, driven by continued strong growth in the major markets, Nigeria, Ghana and South Africa. Data revenue increased by 34.5 percent and fintech service revenue by 35.0 percent. EBITDA increased by 24.1 percent, with margins increasing 2.1 percentage points to 45.0 percent on a constant currency basis.

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