(formely M-Cell Limited) - Business Report 2003 - MTN Group

MTN UGANDA
MTN Uganda continues to deliver strong results
despite intensifying competition and aggressive
price reductions by its main competitors.
The company provides value to its customers by
introducing innovative telecommunication
services in a market which increasingly
demands quality service. It launched Mobile
Banking Services, a mobile on-line information
service using SMS, introduced the distribution
of airtime via ATMs and SMS and launched MTN
Business Solutions aimed at the fixed line,
mobile corporate and data market. It introduced
fibre installations in Kampala, where direct fibre
links are provided to customer premises. MTN
Uganda also initiated site sharing and
transmission leasing with its two main
competitors.
The company formally launched its Corporate
Social Investment programme, which focuses
on building schools, enhancing education and
building homes.
At year-end MTN Uganda reported subscriber
numbers of 363 000, a 64% increase on 2002.
ARPU levels declined to US$28 from US$37.
MTN UGANDA
For the year ended 31 March
Number of subscribers (’000)
MARKET INFORMATION
(ESTIMATES) (31 March 2003)
● Population 24 million
● Mobile penetration 2,1%
OPERATIONAL
● Pre-paid/
post-paid mix 98%: 2%
● ARPU US$28
FINANCIALS
2003 2002 2001
Rm Rm Rm
Revenue 1 124 889 424
EBITDA 533 400 180
PAT 223 177 61
Note: Financials and data reflect 100% of operation.
MTN International’s interest was 52% as at 31 March 2003 (2002: 52%).
MTN BUSINESS REPORT 2003
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