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MTN grows to 61,4m subscribers

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MTN has reported huge growth in both revenue and subscribers. As at the end of December 2007, revenue stood at R73,1-billion and subscribers at 61,4-million. 

The revenue was a 42% increase over the previous year, with the subscribers having grown 53% over the same period.
The group's earnings before interest, tax, depreciation and amortisation increased by 42% to R31,8-billion compared with the previous year.
Basic headline earnings per share  rose to 584,8 cents for the period.
The increase in revenue was mainly driven by South Africa, which increased revenue by 15% to R28,2-billion, and Nigeria, which increased revenue by 36% to R20,3-billion. Ghana and Syria generated revenues of R4-billion and R4,6-billion respectively.