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MTN Group number of subscribers by country 1Q18-4Q19

MTN Group – one of Africa’s largest telecommunications providers – increased their overall number of subscribers in almost every market in which they operated from the first quarter of 2018 to the fourth quarter of 2019, adding 29.94 million subscribers overall.

MTN Group revenue: voice still on top

Outgoing voice calls were MTN Group’s largest revenue stream in 2019, generating approximately 4.16 billion U.S. dollars for the company. Data was the second most lucrative revenue stream, bringing in approximately 2.06 billion U.S. dollars. The Nigerian market accounted for more revenue than any other country, with 2.75 billion U.S. dollars coming from the region, slightly more than South Africa.

Mobile Money: increasing financial inclusion to Africa

While certainly not MTN Group’s largest revenue stream, the 597 million U.S. dollars the company generated from fintech is indicative of the role mobile money plays in the profit centers of modern telecommunications companies in Africa. Generally provided by a telecommunications company, mobile money enables those without a bank account to participate in the economy, allowing transactions to be made using almost any mobile phone.

MTN Group’s offering – MoMo – grew by 12.4 million active subscribers from March 2018 to March 2020, a growth of around 54.6 percent. The total value of all mobile money transactions in Sub-Saharan Africa reached 456.3 billion U.S. dollars in 2019, more than any other region in the world, showing the importance of mobile money to both customers and providers in the region.

Number of the MTN Group's subscribers by country from 1st quarter 2018 to 4th quarter 2019

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Source

Release date

March 2020

Region

Africa, MENA

Survey time period

Q1 2018 to Q4 2019

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Statistics on "Mobile telecom services in Africa"

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