It said it was also in the process of exiting Afghanistan through the sale of MTN’s entire shareholding to a wholly-owned subsidiary of M1.
According to the report, MTN revenue rose 15.6 per cent to 53.83bn rand ($2.8bn) in the first quarter of 2023 compared to 45.69bn rand in the first quarter of 2022, the company said.
Total subscribers increased by 5.2 per cent to 290.6m, active data subscribers up by 11.9 per cent to 140.4m, data traffic increased by 19.3 per cent and fintech transaction volumes increased by 38.8 per cent to 4.1bn.
