JOHANNESBURG - MTN Nigeria on Friday reported double-digit service revenue growth, with voice and data revenue up 11.4 percent and 31.7 percent respectively for the six months ended 30 June.
During the period, MTN Nigeria mobile subscribers increased by 3.3 million to 61.5 million, improving the margin on earnings before interest, taxation, depreciation and amortization (EBITDA).
MTN Nigeria said voice revenue growth was supported by a 5.7 percent increase in subscribers, relatively stable tariffs and a focus on pro-consumer activities.
Data revenue growth was driven by an increased number of smartphones on the network, greater data usage and growth in the number of active data users.
MTN Nigeria chief executive Ferdi Moolman said the company had made significant network investments to improve network quality and expand its 4G coverage.