margins remain under pressure as the company invests significant capital in making its network resilient against load shedding.
Ebitda, or earnings before interest, tax, depreciation and amortisation, is a measure of operating profitability and is an important financial metric used by investors in the sector. However, MTN pointed out that the Ebitda margin improved quarter on quarter as it “continued to execute on its aggressive drive to cut costs and safeguard profitability and cash flows”.
“Supported by investment and significant progress to enhance network resilience, MTN South Africa’s network availability rose to above 95% at the end of September 2023 from just above 90% three months earlier,” it said. “This was despite the business contending with 273 days of load shedding in the first nine months of the year, compared to 117 days in the same period of 2022.”