MTN Cameroon subscriber bases falls 6% in H1, service revenue drops by 7% 0

MTN Cameroon’s subscriber base declined by 5.9 percent from December 2017 to 6.6 million on 30 June in a difficult operating environment, hit by a data shutdown and weak economic activity. Service revenue decreased by 7.0 percent, affected by the lower subscriber base, and despite 15.0 percent growth in data and 71.2 percent growth in digital revenue.

The number of active MoMo customers increased by 10.5 percent from December 2017 to 1.2 million, with revenue up by 404 percent year on year. EBITDA declined by 44.1 percent and the EBITDA margin narrowed 11.8 percentage points to 19.2 percent.

Source: Telecompaper