MTN Has 67.9 Million Subscribers in War-Torn Markets

The number of active data users increased by 0,9% quarter on quarter to 19,4 million in MTN Irancell.

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MTN Irancell launched first NFC payment service in Iran
irancell.ir MTN Irancell launched first NFC payment service in Iran

MTN on Monday reported that it has 67.9 million customers in the in the Middle East and North Africa (MENA) region.

The MENA region includes Iran (joint venture equity accounted), Syria, Sudan, Yemen, and Afghanistan.

The markets in MENA in which MTN operates are warn-torn countries, except Iran which has its own challenges.

In Iran, MTN Irancell had 44 million customers in the third-quarter of 2018.
In the third-quarter of 2018, across the rest of the MENA region, the MTN subscriber base rose by 1,2% quarter-on-quarter, because of growth in Syria and Afghanistan.

MTN in Sudan recorded 7,6 million users, Syria 5,4 million customers, Yemen 4,2 million and Afghanistan 6,2 million.

MTN Syria
MTN Syria

The mobile phone firm said on Monday MTN Irancell operation remained the market leader in data services, a result of continued network rollout and attractive segmented offers.

The number of active data users increased by 0,9% quarter on quarter to 19,4 million in MTN Irancell.

MTN Irancell said digital revenue declined 15,5% as the regulator enforced strict additional opt-in measures, affecting all operators.

MTN’s biggest markets are Nigeria, Iran, and South Africa.

The company, which is valued at R158 billion, closed at 3.27% higher at R86.75 on Monday. The stock has dropped by 37% year-to-date as a result of Nigerian disputes.

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