Mtn South Africa Holds Steady Performance While Earnings And Prepaid Revenue Come Under Pressure

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MTN South Africa has delivered a resilient performance in the first nine months of 2025, navigating intense competitive pressures while maintaining its leadership in network quality. The company reported a 2.0 increase in service revenue, driven largely by strong growth in the enterprise and postpaid segments, even as digital and fintech revenues faced headwinds.

Data revenue grew by 5.0, contributing 48.8 of total service revenue, supported by a 1.7 increase in active data subscribers to 22.0 million and a 24.7 rise in data traffic. Average usage per active postpaid data subscriber increased 13.4 year-on-year to 24.9GB, while prepaid subscribers recorded an average monthly usage of 4.1GB, up 27.0 from the prior year.

The consumer postpaid segment continued to perform well, with service revenue up 4.0 and accelerating to 4.7 in the third quarter. This growth reflected the expansion of the customer base and increased data usage, supported by postpaid price adjustments implemented earlier in the year. In addition, MTN SA's Home proposition saw strong adoption, with the FWA and fibre customer base growing by 30 to 344,000, bolstered by attractive offerings such as Shesh5G.

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