MTN Sees Double-Digit Organic Growth

Pan-Africa and Middle East mobile operator MTN said, in constant currencies, its group revenues rose 12.9% year-on-year in the first half of 2010, as group subscribers climbed 11.4% to 129.2 million. Hit by adverse currency movements, reported revenue fell 2.2% to to 55.99 billion rand (7.62 billion US dollars).

Group revenue from data services, excluding SMS, rose 46% measured in rand, but MTN cut capex by 45% year-on-year to 8.5 billion rand. source: MTN presentation