MTN Group recorded strong financial growth in the first half of 2026, with service revenue increasing 17.5% to R115 billion, driven by sustained demand for connectivity and digital services across its African markets.
The telecommunications group’s adjusted EBITDA also rose by almost 25% to R56 billion for the six months ended June 2026, reflecting stronger commercial performance across key markets including MTN Ghana, Nigeria, Uganda, Côte d’Ivoire and Cameroon.
The results come as MTN advances its Ambition 2030 strategy, which focuses on sustainable growth, digital transformation and long-term shareholder value.
MTN Group President and CEO Ralph Mupita said the strong performance demonstrates the group’s ability to convert growing customer demand into stronger earnings, cash flow and returns.
The group invested nearly R20 billion in capital expenditure during the period to expand mobile networks, connect more homes and modernise its IT infrastructure.
MTN served 317.7 million customers across 19 markets at the end of June, including more than 179 million active data users. Data traffic increased by nearly 23% to 14.3 petabytes, highlighting continued growth in digital connectivity.
MTN’s fintech business also recorded significant expansion, with 70.8 million active Mobile Money users. Fintech transaction value increased by more than a third to $330 billion, while transaction volumes reached 13 billion.
The group said its diversified African footprint, strong balance sheet and continued investment in connectivity, fintech and digital infrastructure position it to remain resilient amid economic and geopolitical pressures.
Overall, MTN’s first-half performance highlights strong growth momentum across its African operations and increasing demand for digital and financial services across the continent.
Source : www. punchng.com
