MTN GlobalConnect, a digital wholesale and infrastructure services company and an operating company in the MTN Group, announced today that it has signed $28.2 million or R516 million fixed external infrastructure deals.
MTN GlobalConnect is driving MTN’s fibreco ambitions in Africa.
The telco is planning to demerge its Fibre and FinTech businesses and bring third-party investors to unlock value trapped in the company.
External revenue grew by 16.9% year-on-year to $247.9 million or R4.5 billion, with Mobility revenue up by 18.3%.
“Building scale infrastructure assets across Africa remained a key priority as MTN GlobalConnect expanded terrestrial fibre into its markets,” MTN informed investors.
“We rolled out approximately 5 000 km of new fibre in Q3 2022, bringing our inventory of proprietary fibre to a total of over 105 000 km at 30 September 2022.”
In Zambia, MTN GlobalConnect rolled out nationwide fibre connecting Zambia with six neighbouring countries.
MTN GlobalConnect ’s Wholesale Mobility platforms continued to scale at pace during Q3 2022.
International voice revenue grew 25.7% YoY on the back of growth in voice minutes
by 12.1% to 1 billion in the quarter. Messaging revenue was up 17.6%, driven by a
51.5% increase in SMSes processed on our platform to 820 million.
“We also launched over 200 roaming services during the quarter including Voice over LTE between MTN SA and AT&T in the US, with roaming traffic levels now above pre-pandemic levels,” said MTN.
With a focus on enhancing global customer experience, MTN GC launched Customer
Success Centres in Ghana and Kenya in October 2022, insourcing its network
operations centre and establishing a new service operations centre.
“This is the first step of MTN GC’s phased investment, which forms part of expansive plans for the region, in-housing and onshoring its support operations. The centres mark a key
milestone in the expansion of MTN GC’s business on the African continent.”
Also read: This MTN’s Business Driving Africa’s Fibre Ambitions Is Coining It In Deals