MTN Uganda Reports Strong Growth With Fintech and Data Usage
MTN Uganda has reported a strong growth in service revenue. According to CEO Sylvia Mulinge, the telecommunication giant has reached $335 million in the first half of 2023, resulting in a 15% jump driven by gains in voice, data and fintech services. Mulinge stated that this aligns with the company’s targets and shows resilient performance
MTN Uganda Reports Strong Growth With Fintech and Data Usage
MTN Uganda has reported a strong growth in service revenue. According to CEO Sylvia Mulinge, the telecommunication giant has reached $335 million in the first half of 2023, resulting in a 15% jump driven by gains in voice, data and fintech services.
Mulinge stated that this aligns with the company’s targets and shows resilient performance amid inflation pressures.
A key driver was voice revenue, which rose 9.4% to Ush 568 billion. This was aided by expanding the customer base by 910,000 to over 18 million.
One of the third giant telecoms company eased network congestion by moving customers to 3G improving the experience.
The 22% growth in data revenue is the result of 21% more active data users sitting at 6.9 million. Smartphone usage grew to 36%, with 24% more smartphone users.
The telecom group promoted adoption through financing plans like TakeNow and its affordable Kaboda smartphones with data bundles, according to TechinAfrica.
