Wireless Telecommunication Services
Company Overview of MTN Cameroon Limited
MTN Cameroon Limited provides mobile communication services for GSM subscribers in Cameroon. The company offers calling, communication, convenience, and data and messaging services. It also provides tariff plans for private individuals, enterprises, and partners. The company was founded in 2000 and is based in Douala, Cameroon. As of February 2000, MTN Cameroon Limited operates as a subsidiary of MTN Group Limited.
360 Rue Drouot Douala
Founded in 2000
Key Executives for MTN Cameroon Limited
Compensation as of Fiscal Year 2015.
MTN Cameroon Limited Key Developments
MTN Cameroon Announces Audited Earnings Results for the Year Ended 31 December 2014
Mar 4 15
MTN Cameroon announced audited earnings results for the year ended 31 December 2014. The company delivered a solid performance, increasing its subscribers by 10.9% to 9.7 million. On 31 December 2014, the internal alignment of the subscriber reporting methodology resulted in the restatement of subscriber numbers to 9.7 million, a reduction of 1.6 million subscribers. Despite this the operation maintained its leadership position with market share at 59.4%. Total revenue increased by 6.9%, supported by segmented voice and data offers focused on high value customers and youth. This included the successful launch of new value propositions such as MTN Hyper Booster to stimulate on-net usage and data adoption. Data revenue was increased by 35.4%, contributing 8.1% to total revenue. This was a good performance despite the commercial launch of a third mobile operator in September 2014 with an exclusive 3G licence. The company is in negotiations with the regulator to receive a 3G licence in the first half of 2015. The operation ended the year with 1.6 million registered MTN Mobile Money customers and continued to focus on increasing its active subscribers and transaction volumes. The company's EBITDA margin was increased by 0.2% points to 42.8% despite higher lease rental costs following the tower transaction. Capex amounted to ZAR 862 million. During the year, the company rolled out 125 new sites in advance of the 3G licence and made improvements to the quality and capacity of high traffic sites in the main cities.
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