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Tech • 3h ago

MTN Group revenue jumps 23% as West Africa leads growth

MTN Group revenue jumps 23% as West Africa leads growth
**MTN Revenue Soars: West Africa Leads the Way in Telecom Giant's Record Growth** MTN Group, one of Africa's leading telecommunications companies, has released its financial results for the year ended December 2025. The company has bounced back from a challenging 2024, recording a significant 23% increase in revenue, which now stands at a whopping R218.5 billion. The growth is largely attributed to MTN's operations in West Africa, with Nigeria and Ghana being the standout performers. MTN Nigeria recorded a remarkable 54.9% growth in service revenue, while MTN Ghana posted a 35.9% growth, making the two markets the biggest contributors to the group's recovery. MTN's impressive performance is reflected in its subscriber base, which now stands at over 307 million voice subscribers, including 172 million data users and 70 million mobile money customers across 16 markets. The company's data usage continues to rise rapidly, with data traffic increasing by 27% and average monthly consumption per user reaching 12.5GB. The expansion of digital payments and financial services is a key pillar of MTN's strategy to deepen financial inclusion across Africa. The company has seen significant growth in its fintech ecosystem, particularly through mobile money services, with transaction volumes increasing by 15% to over 23 billion transactions, and the total value of those transactions exceeding $500 billion. MTN's capital expenditure of R38 billion invested in expanding network capacity and improving service quality has also paid off, resulting in improved service quality and customer satisfaction. The company has also announced an enhanced shareholder remuneration framework, including a share buyback programme of up to R6 billion and a 45% increase in dividends. As MTN continues to ride the wave of growth, its performance is a testament to the company's commitment to innovation and customer satisfaction. With its focus on fintech and digital payments, MTN is poised to lead the way in Africa's rapidly evolving digital landscape. For Nigerian readers, MTN's strong performance in the country is a welcome relief, especially after a challenging 2024. MTN's growth in Nigeria is a reflection of the country's growing demand for digital services, and the company's efforts to improve network coverage and quality are paying off.
Source: Original Article • AI-enhanced version for clarity & Nigerian context

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