SENS Note - 17 December 2015

MTN - MTN Ghana awarded a 4G/LTE licence

Shareholders are advised that Scancom Limited (“MTN Ghana”) was declared a winner in the auction process of a 15 year 4G/LTE licence in the 800 MHz spectrum band for a purchase consideration of US$67.5 million. The National Communications Authority of Ghana will award the licence and spectrum to MTN Ghana once the licence fee has been paid. The award of this licence will enable MTN Ghana to launch 4G/LTE services to support the increasing demand of data services and improve customers’ data usage experience. MTN Ghana surpassed 15 million subscribers at the end of the third quarter of 2015. Data revenue increased 78,6% year-on-year for the nine months period ended 30 September 2015 and contributed 28,7% to total revenue. For the same period the operation had approximately 3 million smartphones on its network. Previously, MTN Ghana was only able to provide 2G and 3G services (voice and data) to its customers using 900Mhz, 1800Mhz and 2100Mhz spectrum which cannot be extended for 4G/LTE technology due to licence restrictions. As part of the eligibility criteria of the licence and spectrum, MTN Ghana is required to have a minimum of 35% Ghanaian ownership in place within 13 months from the effective date of the licence. As a group which owes its founding and growth to the emerging world, MTN is committed to the growth of local economies and development of communities where it operates. Consequently, MTN is exploring various options to comply with the eligibility criteria.

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