MTN Group has reported a solid rise in third-quarter revenue and profitability, with strong performance in Nigeria, Ghana, and other international operations helping to offset a decline in its South African business.
The telecommunications giant announced that revenue for the quarter reached ZAR 56.86 billion, up from ZAR 44.77 billion in the same period last year, before adjusting for hyperinflation. Service revenue – a key performance indicator across the telecoms sector – also increased significantly to ZAR 54.84 billion, compared with ZAR 42.43 billion a year earlier.
MTN’s earnings before interest, taxes, depreciation and amortisation (EBITDA), excluding one-off items, reached a margin of 46%, improving from 37.5% in the previous year’s quarter. The group attributes this to continued operational efficiencies and the strong performance of high-growth African markets.
While the business continues to experience challenges in South Africa, particularly within the prepaid segment, MTN said it is focusing on restoring momentum in this division.
Meanwhile, its Nigerian and Ghanaian units remain key growth engines, with MTN Nigeria resuming dividend payments; an encouraging signal for investors and the wider market.
For employers and talent leaders across the continent, MTN’s performance underscores the growing strength of West Africa’s digital and telecoms ecosystem, reinforcing the region’s position as a hub for skilled tech talent and high-growth market expansion opportunities.