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MTN Cameroon’s performance affected by a decline of its subscriber base in H1, 2018

MTN Cameroon’s performance affected by a decline of its subscriber base in H1, 2018
  • Comments   -   Monday, 13 August 2018 17:50

(Business in Cameroon) - On June 30, 2018, MTN Cameroon’s subscriber base was indicating 6.6 million subscribers while at the end of December 2017, it was 7.1 million, showing a drop of 500,000 subscribers, according to the H1, 2018 financial report of the South African telecommunication group MTN International.

According to MTN Group, this drop by 5.9 % of the Cameroonian subsidiary’s subscriber base is due to "a difficult operating environment, impacted by a data shutdown and weak economic activity".

Under these circumstances, the subsidiary’s EBITDA dropped by 44.1% by the end of June 30, 2018, a counter-performance that is due to a decrease of 7% in its turnover during the period under review.

The only positive performances on that list of  MTN Cameroon’s counter-performances in the first six months of 2018 are namely, an increase by 15% of its data services incomes and a surge by 71.2% of the incomes generated by digital services.

Brice R. Mbodiam

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