MTN Uganda’s earnings grow to Shs 1.4 trillion

MTN Uganda’s earnings grow  to Shs 1.4 trillion
Eazzy Banking

Telecom giant MTN Uganda made Shs 1.4 trillion, the company announced in its financial results for 2017.

The results indicate that MTN Uganda’s revenue grew by 10.1% up from Shs1.27 trillion recorded in 2016 on the despite stronger competition and a tougher regulatory environment that led to the switching off of unregistered SIM-cards, according to the financial results.

“The subscriber base closed the year at 10.7 million, driven by attractive personalized bundled products introduced at the end of 2016, improved network quality and effective

The performance is an indication of where the future revenues for telecom giants lies – in the digital platforms.

Driven by data cash

MTN Uganda, which is the largest telecommunications company in the country,  had its subscriber base close the year at 10.7 million, driven by attractive personalized bundled products introduced at the end of 2016, improved network quality and effective distribution.

Total revenue increased by 10.0%*, supported by the strong growth in data and digital revenues. Data revenue increased by 41.4%*, underpinned by an increase in data traffic and good growth in data bundle adoption.

Active data subscribers closed the year at 1.5 million. Digital revenue increased by 16.1%*, supported mainly by MFS (+21.9%*). In the year MFS revenue contributed 23% of total revenue.

The number of active MoMo customers increased by 27.6% to 5.2 million.

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