MTN - MTN Group Operating For First Quarter Ended 30 June 2003
MTN Group Limited
("MTN Group" or "the Group")
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
Share code MTN
ISIN ZAE000042164
MTN GROUP OPERATING TRADING UPDATE FOR FIRST QUARTER ENDED 30 JUNE 2003
As of 30 June 2003, MTN Group recorded 7 205 000 subscribers on its networks
operated in South Africa and other African countries. This is a 41.9% increase
year-on-year and a 7.1% increase since financial year-end 31 March 2003. The
Group"s international operations comprised approximately 31%, or 2 238 000 of
the subscriber base.
MTN South Africa increased its subscriber base by 5.2% since 31 March 2003 to 4
967 000 subscribers. This consists of 1 020 000 post-paid subscribers and
3 947 000 pre-paid subscribers, with increases of 4.6% and 5.3% since year-end
respectively. Blended average revenue per user ("ARPU") declined slightly from
R206 to R203 per month for the period from 1 April 2003 to 30 June 2003. Pre-
paid ARPU of R 102 and post-paid ARPU of R 596 were recorded.
MTN International increased its subscriber base by 11.7% since 31 March 2003 to
2 238 000 subscribers.
Subscribers as of 30 June 2003 compared to 31 March 2003 for all operations:
30 June 2003 31 March 2003 % change
South Africa 4 967 000 4 723 000 5.2%
Pre-paid 3 947 000 3 748 000 5.3%
Postpaid 1 020 000 975 000 4.6%
International 2 238 000 2 004 000 11.7%
Cameroon 465 000 431 000 7.9%
Nigeria 1 212 000 1 037 000 16.9%
Rwanda 114 000 105 000 8.6%
Swaziland 68 000 68 000 --
Uganda 379 000 363 000 4.4%
TOTAL 7 205 000 6 727 000 7.1%
ARPU per month for the period 1 April 2003 to 30 June 2003 compared to ARPU per
month for the full year to 31 March 2003 for all operations:
30 June 2003 31 March 2003
South Africa R 203 R 206
Pre-paid R 102 R 101
Post-paid R 596 R 607
International
Cameroon US$ 21 US$ 21
Nigeria US$ 56 US$ 57
Rwanda US$ 23 US$ 27
Swaziland R 225 R 228
Uganda US$ 23 US$ 28
6 August 2003
Johannesburg
Sponsor
Merrill Lynch South Africa
Date: 06/08/2003 03:12:48 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department |