logoBC
Yaoundé - 25 April 2024 -
Telecom

MTN beats out Orange Cameroon in the first three quarters of 2014

MTN beats out Orange Cameroon in the first three quarters of 2014
  • Comments   -   Friday, 12 December 2014 15:25

(Business in Cameroon) - At a time when a third mobile provider has just launched its services in September and a fourth permit has been granted to the subsidiary of the Mobile Télécommunications Network (MTN) has confirmed that it dominated the industry in Cameroon, beating out the French company Orange’s subsidiary, particularly in the areas of customer base and generated revenue.

Looking at the interim results produced by the two companies on their key performance for the period ending on September 30, 2014, one can see that MTN-Cameroon’s subscribership increased quickly, reaching  11.233 million consumers represent 9.7% growth from one year to the next. In the case of Orange, there was growth, but only 6.465 million customers.

Leading in the subscriber race, MTN Cameroon also beat its main competitor in overall earnings. Orange Cameroon’s indicators suggest that gross cumulated earnings for the first three quarters were 213 million euros, which is 139.632 billion FCFA. 

cameroon-s-red-cocoa-nears-labeling-as-oapi-awaits-coloration-analysis
The Cameroon red cocoa, listed in 2019 as a product eligible for geographical indication (GI), has progressed towards labeling by the African Intellectual...
cameroon-poultry-expo-revives-focus-on-industry-transformation
The 2024 edition of the Yaoundé International Poultry Exhibition (Savi) kicked off on April 23 at the Congress Palace. The event organized by the Cameroon...
beac-s-bond-auction-meets-success-in-inflation-combat-efforts
On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...
cameroun-delays-bond-sale-amid-regional-market-strain
The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »