SENS Note - 07 May 2018

MTN - MTN Nigeria quarterly update

MTN Group is a leading emerging market mobile operator, serving approximately 221.3 million people in 22 countries across Africa and the Middle East. Our vision is to deliver a bold, new digital world to our customers. MTN Nigeria is the leading mobile operator in Nigeria with approximately 54.5 million subscribers. Highlights for MTN Nigeria MTN Nigeria reported strong subscriber net additions of 2,3 million Active Mobile Money customers increased to 2.0 million Naira service revenue increased by 14.5% to N248.3 billion Data revenue increased by 73.2% year-on-year EBITDA margin increased by 332bp to 41.8% MTN Nigeria invested N17.9 billion in capex in the period Financial growth rates are year-on-year (the three-month period ended 31 March 2018 versus the three months ended 31 March 2017) unless otherwise stated. QoQ growth rates refer to 1Q18 vs 4Q17. Data revenue refers to access data revenue only. Digital revenue refers to Mobile Money (MoMo), rich media services and value-added services (VAS) revenue.

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