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MTN Lost 1,7 Million Subscribers Hit By Nigerian SIM Registration


While active MTN Mobile Money (MoMo) customers rose by 200 000 to 46.6 million.
The MoMo value of transactions was up 86.6% year-on-year (YOY) to $53.2 billion (R764 billion).
The company said the number of active merchants accepting MoMo payments doubled YoY to 521 000 while the total value of MoMo merchant payment (gross merchandise value –
GMV) rose by 299.2% to $4.8 billion (R57 billion). In Nigeria, MTN said it added
54 000 agents to end the quarter with 449 146 registered MoMo agents.
“The MTN Group has delivered a solid Q1 2021 trading performance, with service revenue and EBITDA margins expanding on the back of continued commercial momentum and resilient networks,” said MTN CEO Ralph Mupita, adding that the Group’s Ambition 2025 strategy had gained execution traction during challenging COVID-19 macroeconomic conditions in the quarter. ....

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