MTN Group’s service revenue increased 19.1 percent to R125 billion — driven by growth momentum in major markets Nigeria, Ghana and South Africa — in the first nine months of the year.

Data and fintech service revenue increased by 34.5 percent and 35 percent respectively. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 24.1 percent, with margins expanding 2.1 percentage points to 45 percent.

“It’s been a busy quarter, and I’m particularly pleased with the sustained operational momentum across our businesses,” said MTN Group President and Chief Executive Officer Ralph Mupita.

MTN group’s subscriber base was 272 million.

MTN’s Mobile Money has 51 million customers in 16 markets, processing almost 20 000 transactions a minute, with the value of transactions up 67.2 percent year-on-year to US$175.5 billion.

MTN does not share the Capex.