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May 28, 2015 7:14 AM ET

Wireless Telecommunication Services

Company Overview of MTN South Africa

Company Overview

MTN South Africa is a mobile network operator in South Africa. It provides news, sports, and event-related information to its consumers. The company also offers customer services in the telecommunications industry. In addition, it provides Steppa tablet that offers Internet to students, learners, and entrepreneurs. Further, the company provides Music+, a platform that offers its users with the ability to simultaneously stream and download music and videos offline. MTN South Africa sells its services through formal and informal outlets, such as service centers; and Steppa tablet through retail stores. The company was founded in 1994 and is based in South Africa. MTN South Africa operates as a...

,  

South Africa

Founded in 1994

Phone:

27 83 900 1212

Key Executives for MTN South Africa

Chief Financial Officer
Managing Director
Age: 58
Group Chief Strategy Officer
Age: 57
Chief Technology Officer
Chief Marketing Officer
Compensation as of Fiscal Year 2014.

MTN South Africa Key Developments

MTN South Africa Launches Music Streaming Service

MTN South Africa has launched Music+, a platform that offers its users the ability to simultaneously stream and download music and videos offline. MTN Music+ seeks to develop local content and give aspiring artists a platform to showcase their talent to a captive audience of millions of users across the continent. Huawei is the technology partner in the offering. The Music+ platform is designed to provide users with an interactive, user-friendly service. The service is optimized for mobile and online access to enhance user experience and it requires no significant device restrictions or additional device requirements.

MTN South Africa Announces Audited Earnings Results for the Year Ended December 31, 2014; Provides Capex Guidance for 2015

MTN South Africa announced audited earnings results for the year ended December 31, 2014. The company delivered clear evidence of a turnaround in the second half of the year and in the fourth quarter EBITDA increased 28.1% quarter on quarter. This was achieved despite a challenging consumer environment. The operation increased its subscriber base by 8.9% to 28.0 million, reporting 2.7 million net additions in the second half versus the 430,496 net disconnections recorded in the first half of the year. This was largely a result of segmented offerings based on usage, limited duration on net promotions such as WOW and below the line advertising campaigns in the prepaid segment. As a result, the prepaid subscriber base increased by 9.1% to 22.6 million. The postpaid segment delivered a significantly improved performance, reporting net subscriber additions of 414,251 for the year. This was supported by a variety of revised offers. Total revenue declined by 3.9% to ZAR 38,922 million. This was mainly a result of a 36.0% decline in interconnect revenue due to lower mobile termination rates (MTRs). While data revenue only increased 7.0% there was a meaningful improvement in the fourth quarter with mobile data revenue growth of 17% when compared to the same period last year. Fourth quarter 2014 on third quarter 2014 mobile data revenue growth was 42.3%. Increased 3G coverage, improved smart phone adoption and tailored data bundles were the main contributors to this growth. By yearend, data revenue contributed 23.8% of total revenue from 21.4% in 2013. The number of smart phones on MTN's network increased by 17.8% to 5.9 million, and the number of data users increased by 20.1% to 17.1 million. The EBITDA margin declined by 2.6% points largely as a result of lower interconnect revenue, now a net payer, and increased provisions for impairment of trade receivables amounting to ZAR 616 million from ZAR 289 million in the previous year. Stricter credit criteria have been implemented to ensure this level of bad debts does not reoccur. The company continues to focus on improving profitability throughout the business and on various cost efficiencies, including managed services and optimizing the distribution network. Capex for the period of ZAR 5,676 million was slightly lower than budget due to improved procurement processes. As a result of improved performance in the second half (with voice traffic volumes up 31.0% year on year and growing demand for data), the company will increase capex significantly in 2015. This will be focused on improving the quality and capacity of the 2G and 3G network and rolling out LTE.

MTN SA to Start a Process of Reorganisation and Transformation of Its Local Enterprise Business Unit

MTN SA has announced that it will start a process of reorganisation and transformation of its local enterprise business unit, as it seeks to "strengthen its competitive advantage in the enterprise business solutions market". While the company did not issue official figures, it is understood all 570 employees in the operator's business unit will be expected to re-apply for their jobs, as MTN seeks to match the best skills with available positions. The company did not immediately say how many positions would be made redundant, or what its timeline is for the completion of this reorganisation.

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