MTN plans to invest between 5.7 billion and 6.7 billion rand in capital expenditure this year to strengthen its competitiveness in South Africa. This is significantly lower than last year’s investment of 9.8 billion rand.
Last year, MTN and Vodacom used this investment to maintain high network quality, focusing on network resilience and managing power outages.
As a result of these investments, MTN became the leading mobile network in South Africa. However, this year’s reduction in capital expenditure by 3.1 billion to 4.1 billion rand could change this situation.
Along with its 2024 financial results, MTN also shared some challenges it faced in the prepaid segment. The company noted that it was still able to achieve growth in other areas and that its issues were limited to just two specific regions. Despite this, MTN stated that it would remain competitive with a capital expenditure budget of 6.5 billion rand.
As a result, MTN’s revenue increased by 1.5%, reaching 52.6 billion rand, while service revenue grew by 3.1%. Additionally, there was significant growth in both postpaid and prepaid data consumption.
Looking ahead, MTN plans to focus on 5G, enhance its home strategy, and improve data offerings to accelerate revenue growth. The company also aims to increase its long-term business revenues by renewing enterprise contracts.