MTN Cover page



Chairman's report
Cyril Ramaphosa  

MTN is successfully delivering on its vision to be the leading provider of telecommunication services in emerging markets with operations now in 21 countries

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Group president and CEO’s report
Phuthuma Nhleko   MTN acquired Investcom LLC for US$5 billion. Investcom contributed over 8 million of the Group’s 40 million subscribers.

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Group finance director’s report
  Revenue increased by 49% from the previous year and the EBITDA margin increased to 43,4%. Exceptional PAT of R12 billion was recorded

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Chief operating officer’s report
Sifiso Dabengwa   The Group is now managed in three distinct regions, to promote resource sharing and realisation of synergies

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Financial Highlights

  EBITDA margin
up from *42% driven by operating improvements
  Profit after tax
R12 billion
up from R7 billion
90 cents per share
up from 65 cents per share
    Acquisition of Investcom LLC
Concluded – effective July 2006

* Compared to previous unaudited 12-month period due to change to year-end. Previous nine months is audited.