MTN Uganda subscriber and data revenues display healthy growth in Q1

MTN ‘s mobile network in Uganda has announced that its subscriber base reached 9.5 million at the end of the first quarter with more than half using its mobile money service.

According to the results, MTN Uganda continued to show good growth and increased market share despite the high levels of competition in the market. Increased penetration into rural areas and improved network quality further supported this growth.

Local currency data revenue also increased by 67.7 per cent and now contributes to 23.5 per cent of MTN Uganda’s revenue.

MTN Mobile Money remains the fastest growing product in Uganda with more than five million registered users each transacting on average five times a month. The popularity and growth of MTN Mobile Money is supported by a large agent network exceeding 30,000 agents.

As of March 31, MTN Uganda total data subscribers exceeded 2.6 million.