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MTN’s Ghana business lifts dividend as subscriber numbers jump

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The company reported a 12.3% increase in subscribers in its year to end-December, with service revenue rising 22.8%

MTN’s business in Ghana, which listed in Accra in 2018, increased its dividend by a fifth in its year to end-December, reporting rising subscribers and data revenue as consumers in the West African country switch to smartphones.

Subscribers increased by 12.3% to 22.6-million, the group said, with data revenue growing 32.5%, with the company rolling 280 2G, 557 3G, 900 4G and 100 rural telephony sites during the period.An earlier version of this article referred to the roll-out of 280 telephony sites, whereas this figure is 100.

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