MTN South Africa has revised its mid-term service revenue guidance downwards as the operator faces stiffer competition in its home market, despite a positive upswing in its operations in the rest of Africa.
The business “continues to navigate an environment characterised by elevated competitive intensity and ongoing pressure on consumers”, MTN Group said in its interim results to 30 June 2025, published on Monday.
“The medium-term target for service revenue growth has been revised to ‘low to mid-single-digit’ growth from ‘mid-single-digit’,” the group said.
MTN South Africa has adjusted its forecast Ebitda margin range from 37-39% to 35-37%. MTN’s less optimistic outlook comes as…
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