MTN Ivory Coast data and SMS revenue increased by 40,6% and 64,7%.
Despite the aggressive competition, a tough economic situation, the results
for the six-month period to 30 June 2013 have been encouraging.
In fact, MTN Ivory Coast has recorded about + 8,0% in terms of revenue and recorded net
connections of 493 000, which increased its subscriber base to 6,6 million
after disconnecting 400 000
subscribers who failed to register their personal details by the end of 2012.
subscribers who failed to register their personal details by the end of 2012.
Connectikpeople has observed that, this improved performance was supported
by an effective MTN value proposition and an efficient registration system.
Regarding the data and SMS revenue, following the launch of 3G services in
December 2012, data and SMS revenue increased by about 40,6% and 64,7% respectively,
supported by an increased uptake of both 2G and 3G services and increased data
usage for browsing and games.
Finally, EBITDA increased by about 43,3%, benefiting from the profit from the
tower sales. Excluding the effects of the tower sales, EBITDA decreased by about 2,7%
due to the tower rental expense and revenue-sharing commissions. The capex
programme to rollout more fibre in Abidjan and upgrade the intelligent network
platform remains on track.