South Africa’s (SA) MTN Group said this Monday its service revenue rose more than 17% in constant-currency terms in the nine months ended September 30, helped by a recovery in Nigeria and continued strong performance in Ghana.
Africa’s biggest telecoms operator said third-quarter service revenue increased 16.6%
The company, which has been exploring banking licences in select markets to expand lending from its own balance sheet, posted group service revenue of R176.2 billion ($10.68 billion) in the nine months to September 30.
MTN said it expects fintech revenue growth for full-year 2026 to remain below its medium-term target range after disruptions to its Airtime Advance business in Nigeria, although it expects the service to recover to pre-suspension levels by the end of the year.
–Reuters–
