MTN Group - Annual Report 2008

Glossary

Terms and acronyms

	2G		Second generation
	3G		Third generation
	Afcon		Africa Cup of Nations
	ADR		American depository receipt
	AI		Africa investor
	ARPU*		Average revenue per user per month
	ATM		Automatic tele machine
	BA		Bankers’ acceptance rate
	BEE		Black economic empowerment
	BOT		Build operate and transfer
	Bps		Basis points
	BRM		Business risk management
	BTS		Base transceiver station
	BwP		Botswana pula
	Capex		Capital expenditure
	CBC		African business awards
	CDMA		Code-Division Multiple Access
	CFA		Communaute Financiére Africaine franc
	CGU		Cash-generating units
	CSR		Corporate social responsibility
	CST		Communication service tax
	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
	EMF		Electronic magnetic fields
	EPS		Earnings per share
	eTOM		enhanced telecom operations map
	EVD		Electronic voucher distribution
	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
	FMCG		Fast moving consumable goods
	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
	HR		Human resources
	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
	King III		King committee report on corporate governance 2009
	LCs		Letters of Credit
	Loerie		South African Advertising industry’s accolades
	LIBOR		London Interbank Offered Rate
			German Interbank Offered Bank
	LTE		Long-term evolution
	NRHR & CG		Nomination, remuneration, human resources and corporate governance committee

	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/New-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
	PIN		Personalised identification number
	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
	SRI		Social responsible investment index
	TCI		Telecommunications Company of Iran
	TDM		Time division multiplexing
	UCT		University of Cape Town
	Unisa		University of South Africa
	USD		US dollar
	UGX		Uganda shilling
	VGC		VGC Communications Limited
	VoIP		Voice over internet protocol
	VP		Vice president
	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 ARPUs) now include community payphones into prepaid and application providers into postpaid. Prior periods have been adjusted for comparative purposes.