Kampala, Uganda | THE INDEPENDENT | MTN Uganda recorded a 3.1% rise in subscribers to 10.8million in the first quarter ending March 2018.
The increment in subscribers for the first three months ends two consecutive quarters of falling customer numbers. The improved subscriber figures also contributed to an increase in revenue for MTN Uganda.
“Following a slower prior quarter (4Q17), MTN Uganda experienced a positive first quarter with service revenue growth of 8%. MoMo revenue increased by 21.8% to contribute 25% of total revenue.
Voice revenue growth in the period was more muted, with growth of 3.4% despite a 33.6% increase in billable minutes.
Tariffs declined by 32.6% Y-o-Y. MTN Uganda reported net additions for the quarter of 149, 000,” the quarterly trading update reads.
MTN Group CEO, Rob Shutter, said there was overall strong growth in data and Mobile Money revenue.