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MTN South Africa struggles as competition bites in prepaid market | SA News

MTN South Africa struggles as competition bites in prepaid market

MTN South Africa’s earnings declined sharply in the year to December 2025 as intensifying competition in the prepaid market and rising bad debts weighed on the business, even as the enterprise and post-paid segments delivered solid growth.

The local operation reported a 10.1% decline in Ebitda (excluding the impact of a tower sale) to R17.7-billion, with the margin contracting 2.8 percentage points to 34.6%. Service revenue grew by just 2% to R44-billion.

The results stand in stark contrast to the broader MTN Group, which delivered service revenue growth of 22.7% in constant currency to R218.5-billion, driven by strong performances in Nigeria and Ghana.

MTN South Africa staff share…

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