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Glossary
Terms and acronyms
| 2G |
Second generation |
| 3G |
Third generation |
| Afcon |
Africa Cup of Nations |
| ADR |
American depository receipt |
| ARPU* |
Average revenue per user per month |
| BA |
Bankers’ acceptance rate |
| BEE |
Black economic empowerment |
| BOT |
Build operate and transfer |
| Bps |
Basis points |
| BTS |
Base transceiver station |
| BWP |
Botswana pula |
| Capex |
Capital expenditure |
| CDMA |
Code-Division Multiple Access |
| CFA |
Communaute Financiére Africaine franc |
| CGU |
Cash-generating units |
| CSR |
Corporate social responsibility |
| CYP |
Cypriot pounds |
| dti |
South African Department of Trade and Industry |
| E |
Emalengeni |
| EASSy |
Eastern Africa Submarine Cable System |
| EBITDA |
Earnings before interest, tax, depreciation and amortisation |
| ECA |
Electronic Communications Act of South Africa |
| ECICSA |
Export Credit Insurance Corporation of South Africa |
| EPS |
Earnings per share |
| eTOM |
enhanced telecom operations map |
| EUR |
Euro |
| EURIBOR |
Euro Interbank Offered Rate |
| EVD |
Electronic voucher distribution |
| EXCO |
Executive committee |
| FEC |
Forward Exchange Contract |
*ARPU is measured on a monthly basis. The revenue (including interconnect fees but excluding connection fees and visitor roaming revenue) is divided by the weighted average subscriber base over the reported period.
| FIFA |
Federation Internationale de Football Association |
| FIPPA |
Foreign Investment Promotion and Protection Act |
| GDP |
Gross domestic product |
| GHC |
Ghana cedi |
| GPRS |
General packet radio service |
| GRI |
Global Reporting Initiative |
| GSM |
Global system for mobile communications |
| HEPS |
Headline earnings per share |
| HIV/Aids |
Human immunodeficiency virus/acquired immune deficiency syndrome |
| HSDPA |
High speed downlink packet access |
| IAS |
International Accounting Standards |
| ICASA |
Independent Communications Authority of South Africa |
| ICT |
Information and communication technologies |
| IFC |
International Finance Corporation |
| IFRIC |
International Financial Reporting Interpretation Committee |
| IFRS |
International Financial Reporting Standards |
| IP |
Internet protocol |
| IRR |
Iranian riyals |
| IS |
Information Systems |
| ISO |
International Standards Organisation |
| ISP |
Internet service provider |
| ITIL |
Information technology infrastructure library |
| IVR |
Interactive voice response |
| JSE |
JSE Limited – the South African stock exchange |
| JIBAR |
Johannesburg Interbank Agreed Rate |
| King II |
King committee report on corporate governance 2002 |
| LCs |
Letters of credit |
| Loerie |
South African Advertising industry’s accolades |
| LIBOR |
London Interbank Offered Rate
German Interbank Offered Bank |
| LTE |
Long-term evolution |
| MCharge |
MTN’s virtual recharge mechanism |
| MENA |
Middle East and North Africa region includes operations in Iran,
Afghanistan, Syria, Yemen and Cyprus |
| MMS |
Multimedia messaging service |
| MNP |
Mobile number portability |
| MOU |
Minutes of use |
| MPLS |
Multiprotocol label switching |
| NCC |
Nigerian Communications Commission |
| NGN |
Next generation networking |
| NGN |
Nigerian naira |
| NIBOR |
Norwegian InterBank Offered Rate |
| NokNok |
MTN’s instant social messaging chat service, launched in 2007 |
| NTC |
National Telecommunications Corporation |
| off-net |
Telephone calls originating and terminating on different networks |
| OIETAI |
Organisation for Investment Economic and Technical Assistance of Iran |
| on-net |
Telephone calls originating and terminating on the same network |
| PAT |
Profit after tax |
| PAYG |
Pay as you go |
| PIC |
Public Investment Corporation |
| postpaid/contract |
Services for which the subscriber has a contract and pays monthly |
| PTO |
Public telecommunications operator |
| prepaid |
Services for which the subscriber has paid in advance |
| PSTN |
Public switched telephone network |
| PWC |
PricewaterhouseCoopers |
| RICA |
Communication related information Act |
| SAICA |
South African Institute of Chartered Accountants |
| SARs |
South African Revenue Services |
| SARs |
Share Appreciation Rights Scheme |
| SDD |
Sudanese dinars |
| SEA |
South and East Africa includes operations in South Africa, Botswana,
Swaziland, Uganda, Rwanda and Zambia |
| SHE |
Safety, health and environment |
| SIM |
Subscriber identity module |
| SME |
Small and medium enterprise |
| SMS |
Short message service |
| SP |
Service Provider |
| SPE |
Special purpose entities |
| STC |
Secondary taxation on companies |
| SPV |
Special purpose vehicle |
| STRATE |
Share Transactions Totally Electronic |
| subscriber** |
A customer who has participated in a revenue generating activity within
the last 90 days |
| SYP |
Syrian pound |
| UCT |
University of Cape Town |
| Unisa |
University of South Africa |
| USD |
US dollar |
| UGX |
Uganda shillingVGC Communications Limited |
| VGC |
VGC Communications Limited |
| VoIP |
Voice over internet protocol |
| WECA |
West and Central Africa includes operations in Nigeria, Cameroon,
Côte d’Ivoire, Ghana, Benin, Liberia, Guinea Republic, Guinea Bissau and
Congo-Brazzaville |
| WiMax |
Worldwide interoperability for microwave access/broadband wireless
technology |
| ZAR |
South African rand |
| ZCA |
Zambian Communications Authority |
| ZMK |
Zambian kwacha |
** South Africa subscribers (and therefore ARPU’s) now include community payphones into prepaid and application providers into
postpaid. Prior periods have been adjusted for comparative purposes.
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