Telecommunications giant MTN has seen an increase in customers, active data subscribers, data traffic and MoMo users in the nine months ended 30 September 2026.
This is according to MTN Group’s third-quarter results ended 30 September 2026.
Overall, the group reported strong service revenue and cash generation in this period. However, in South Africa, the telecommunications company’s service revenue remained flat, with 1% growth.
The group says this is due to the continued pressure in the prepaid customer voice market and lower mobile termination rates.
Market analyst Makwe Masilela, founder of Makwe Fund Managers, says the market is happy with the group’s update.
“The number of customers increased by 7%, to almost 323 million customers. And you look at their FinTech users, mobile money, average usage is sitting at almost 70 million users. So the knee-jerk reaction to the share price was to see the share price going up by just over 2%, as the markets are happy with this kind of quarterly update that they just got from MTN.”
MTN Group delivered a strong performance in the first nine months of 2026, with service revenue and earnings growth accelerating through the third quarter, margins expanding and cash generation remaining robust.
In constant-currency terms, Group service revenue increased by 17.2% to R176.2 billion in the period to 30 September 2026. Growth accelerated every month from May, reflecting resilient demand for data and connectivity services, sustained momentum in @MTNNG and @MTNGhana , improving contributions from other markets and disciplined execution across the portfolio.
“Q3 was our strongest quarter of 2026 and demonstrates the resilience and quality of the MTN portfolio,” said President and CEO Ralph Mupita. “Thanks to the efforts of all MTNers and to the 323 million customers that trust us for their connectivity needs.”
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@MTNSudan1— MTN Group (@MTNGroup) November 9, 2026
