Telecom
MTN Nigeria Contributes 8% to Group’s Six Months Revenue Base
Review of results by MTN Group showed that it delivered a solid operational performance for the six-month period to 30 June 2014.
The result released on its website indicates good growth was experienced in data and MTN Mobile Money usage but voice revenue continued to be impacted by aggressive competition, regulatory pressures and a weakening economic environment in key markets.
Meanwhile, MTN Nigeria delivered a robust performance in line with market expectations, however the South African operation remained under pressure and steps were taken to improve its performance.
The Group continued to benefit from the ongoing investment in its network, which enhances MTN’s offering and positions us well for sustained growth.
Group subscribers increased by 3,5% to 215,0 million.
During the period MTN focused on reducing churn, offering competitive segmented offerings as well as improving network quality and capacity as key differentiators in our value proposition.
Continued macro-economic weakness in some of our key markets, however, led to a decline in overall market net additions against the comparable prior period.
Reported revenue for the six months increased by 10,7%, supported by the continued weakness of the South African rand against our operating currencies, in particular the relatively stronger Nigerian naira, Central African franc and Ugandan shilling.
On a constant-currency basis, revenue increased by 4.1%.
This was largely the result of 8.0% revenue growth in MTN Nigeria, tempered by a 7.0% (3.4%) revenue decline in MTN South Africa.
The Large opco cluster delivered pleasing results in line with guidance, growing revenue by 13,4%*, with encouraging growth reported by operations in Ghana, Cameroon and Sudan.
The Small opco cluster delivered a modest 5,7%* increase in revenue as conditions in Guinea Conakry, Liberia and Yemen remained challenging.
Although MTN Nigeria delivered a solid performance, the operation faced regulatory pressures and localised network performance challenges.
Notwithstanding this, the operation remains on track to deliver solid results for the full year.
MTN South Africa took aggressive steps to regain its competitive market position.
While financial performance will continue to be subdued in the short term, the South African operation expects to resume positive subscriber and revenue growth over the next 6 months.
Group EBITDA increased by 19.6% (10.6%) to R33 663 million excluding the profit from the sale of towers.
This reflects the success of the Group-wide cost-control initiatives, particularly in Nigeria where EBITDA increased by 11.3%.
Capital expenditure for the period of R9 199 million reflected a decrease of 28.1% (32.7%) from the same period in 2013.
More than two thirds of the full year’s capex budget has been committed.
Also, the group’s operations rolled out 1 716 2G and 2 232 3G sites, providing greater capacity, quality and faster data speeds on our 3G and LTE networks.
With the introduction of Travel Saga, a premium, fast-paced gaming experience that is currently live and accessible to customers on its network, Globacom has lifted the bar for mobile entertainment in the country.
Travel Saga is a story-driven, intricately connected role-playing game designed to provide the thrill, complexity, and competitive intensity of some of the most well-known action games in the world.
The game, which has been painstakingly optimized for mobile devices, redefines mobile gaming as a full-fledged digital battlefield by translating a console-grade experience onto data-enabled handsets.
Fundamentally, Travel Saga takes users on quick virtual journeys against recognizable international landscapes. In a dynamic, ever-evolving gaming environment, players are thrown into furious missions, fierce fights, and ever-expanding tales where talent, strategy, and endurance determine who rises through the ranks to become a true war hero.
In addition to the excitement of fighting, users are encouraged to go to various locations, take part in thrilling challenges, and participate in intense competition for in-app rewards like points and victory badges. With each encounter and accomplishment, the immersion increases with each level, maintaining momentum and excitement.
Flexible subscription plans with one-time or auto-renewal choices are available to subscribers for the service, which costs ₦100 per day and ₦250 per week. By dialing *70021#, customers can quickly subscribe and gain instant access to the action.
With Travel Saga, Glo reaffirms its dedication to innovation and high-end digital experiences, making top-notch gaming easily accessible to its customers. The game offers uninterrupted action, adventure, and competition, all smoothly supported by the Glo network.
SHELT, a leading cybersecurity-as-a-service provider, has earned inclusion in the 2025 MSSP 250, the annual ranking of the world’s top 250 Managed Security Service Providers (MSSPs) by MSSP Alert, a CyberRisk Alliance publication.
SHELT
The list evaluates firms on business performance, service breadth, and industry impact, spotlighting those excelling in growth, operational excellence, and advanced managed security amid rising cyber threats. Selection criteria include annual recurring revenue, profitability, workforce expansion, business growth, and the depth of managed security offerings.
SHELT’s recognition underscores its investments in scalable security operations, threat intelligence, and tailored managed services across multiple regions, enabling clients to navigate complex risk landscapes effectively.
“Being recognised in the MSSP 250 is a meaningful milestone for our team,” stated Youssef Abillama, CEO of SHELT. “It validates our focus on building practical, resilient security services that help organisations manage risk and respond effectively to today’s evolving cyber threats.”
The company hailed the honour as testament to its teams’ dedication and expertise worldwide, reaffirming commitment to enhancing capabilities and delivering trusted cybersecurity solutions.
Meta Platforms, owner of Facebook, has appointed Dina Powell McCormick, a former adviser to President Donald Trump, as its new president and vice chairman, bolstering its leadership amid aggressive AI and infrastructure expansion.
Dina Powell McCormick
The announcement, made on Monday, positions Powell McCormick – who recently stepped down from Meta’s board after eight months – to guide overall strategy, including multi-billion-dollar investments in data centres and global partnerships.
A Goldman Sachs veteran with 16 years in senior roles and prior stints as deputy national security adviser under Trump and in the Bush administration, she brings deep finance and international ties to the role.
Meta CEO Mark Zuckerberg hailed her as “uniquely qualified” for the company’s next growth phase, while President Trump praised the move on Truth Social as a “fantastic choice”.
The hire signals Meta’s efforts to strengthen White House relations, following recent dinners with Trump and U.S. investment pledges worth hundreds of billions
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