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MTN Group Profit Surges on Subscriber Boom
24 Aug
Summary
- MTN Group reported a 21.3% increase in half-year adjusted profit.
- Subscriber growth accelerated significantly in the second quarter.
- The company operates in 19 markets with over 317 million customers.
MTN Group, Africa's largest telecom provider, has reported a substantial 21.3% increase in its adjusted profit for the first half of the year. The period ending June 30, 2026, saw adjusted headline earnings per share rise to 793 cents, up from 654 cents in the prior year.
The robust financial performance was largely driven by a notable acceleration in subscriber growth, particularly during the second quarter. This expansion in customer base contributed to double-digit growth in service revenue, underscoring MTN's strong market presence.
The company operates across 19 markets, serving a vast customer base exceeding 317 million individuals. This extensive reach solidifies MTN's position as a leading telecommunications entity on the continent.
