Africa’s largest telecom firm loses subscribers, earnings decline
The biggest drivers of revenues for MTN are the fintech and data segments, with active users on its payment system platform MoMo increasing to 48.9 million. PHOTO | FILE
Africa’s largest wireless carrier MTN Group announced its interim results for the first half of 2021, and posted a decline in earnings per share and subscribers, despite the telco claiming “solid” performance in terms of revenue growth.
MTN announced a 10 percent decline in reported headline earning per share (HEPS) — the main profit measure in South Africa — in the six months ended June, falling to 387 cents per share, down from 430 cents in the same period in 2020.
