MTN shows mixed bag of fortunes

Johannesburg – JSE-listed and leading emerging market mobile operator, MTN, reported a mixed bag of results during its first quarter update yesterday, with subscribers decreasing 1.4 percent quarter on quarter, largely as a result of the protracted dispute with the Nigerian authorities.

The company also saw its subscriber base decrease 1.7 percent in South Africa, but countries like Cameroon, Uganda and Ghana reported stronger subscriber growths of 3.1 percent, 7.8 percent and 4.6 percent respectively.