MTN Ghana Loses 1.9 Million Subscribers in Just First 6 Months of 2017

MTN Ghana has lost 1.9 million subscribers in the first 6 months of 2017, according to an interim financial report released yesterday by the MTN Group.
The subscribers lost in Ghana represent 10.3% of the total subscribers, which brings it current subscribers to 17.3 million.
In Nigeria, MTN even lost more– with a drop of 14.3 percent to a current 53.1 million subscriber base. But there was an increase in subscribers in South Africa by 1.5 percent to 31.2 million.
The report stated among other things that, “MTN Ghana continued to benefit from an improving economy. MTN Ghana’s subscriber base declined by 10,3% to 17.3 million, impacted by the internal review of subscriber definitions.”
Though MTN lost subscribers, it recorded strong performance in data and digital revenue growth as well as a 9.5% increase in Mobile Money subscribers to 6.2 million.
“Strong growth in revenue, up by 22.6%, was supported by data and digital revenue growth. Data revenue increased by 65.9%, led by a data-bundled smartphone drive and youth value propositions. Digital revenue grew by 43.6% with the number of active MoMo subscribers growing by 9.5% to 6.2 million, ” the reported added.