MTN has released its quarterly update for the period ended 31 March 2023.
MTN says it has shown resilience in dealing with load shedding in its quarterly update for the period ended 31 March 2023.
“The blended inflation across our footprint remained elevated and averaged 18.5% in Q1 2023, compared to 11.5% in Q1 2022. Interest rates increased during the period as central banks acted to curb inflation.” Data was the key growth driver for the businesses, contributing 47.9% to MTN SA’s total service revenue in the quarter.
MTN said that the new plan includes upgrading rectifiers, adding additional battery capacity – allowing for a minimum of six hours of battery autonomy – and increasing the number of static and mobile generators.Moreover, in areas with higher risks of vandalism, additional security measures are being deployed, with other infrastructure changes, such as replacing copper cables with aluminium, also being implemented.
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