MTN subscriber base rises
MTN, Africa’s
biggest mobile operator, on Thursday, forecast a near 10 percent rise
in subscribers by year-end, reaping the dividend from billions of
dollars of spending on its networks.
The company said
subscriber numbers grew 4 percent in its third quarter, overcoming
intense competition and price cuts from rivals.
Strong growth in
Nigeria, Iran, and its home market of South Africa prompted the company
to lift its forecast for new users this year by 8.5 percent, to 22.9
million from 21.1 million.
MTN, which operates mobile phone networks across Africa and the
Middle East, has spent almost 100 billion rand on capital expenditure
over the last four years.
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