Mobile operator MTN Group is reeling from the adverse effects of load-shedding.According to the telco, load-shedding impacted earnings before interest, tax, depreciation and amortisation by R695 million.
It adds that EBITDA increased by 14.3% to R90 billion. MTN notes EBITDA was supported by the firm’s expense efficiency programme, which yielded R2.7 billion in savings, mostly in Nigeria and South Africa. “Our contribution to society also included income taxes of approximately R14 billion paid to nation states in the year,” says MTN.
On MTN SA, Mupita says: “We are encouraged by the performance of the business and the focus on network resilience. Amid unprecedented load-shedding and the intensified need for backup power in the second half of 2022, MTN SA invested significantly to secure network resilience.