"Notwithstanding the many challenges presented by the COVID-19 pandemic, MTN delivered a solid H1, exceeding most of the Group’s medium-term targets through sustained commercial momentum as we executed on our Ambition 2025 strategy.
Our sustained investment in our networks and platforms, strong market positions, leading African brand and capital allocation disciplines, have placed MTN in a strong position to be able to support societies that we operate in to navigate the COVID-19 pandemic. We believe that the drive for faster digitalisation of economies is a structural change that will accelerate through the pandemic and beyond..."
MTN continued to deliver solid growth for the six months ended 30 June 2021, against the backdrop of persistently challenging trading conditions. Service revenue grew ahead of our
medium-term targets and, coupled with our expense efficiency programme, this drove positive operating leverage with further improvements in the EBITDA margin.
Group service revenue rose by 19.7%* to R81.9 billion (2020: R80.2 billion). This was led by growth of 9.3% in MTN SA, 23.8%* in MTN Nigeria and 25.5%* in MTN Ghana. The Group also benefited from double-digit overall top-line growth from the regions.