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MTN Subscriber Base Hits 100m Mark

Posted by Elvis on May 12, 2009 at 8:06am
Lagos - The MTN Group says it has attained the 100-million subscriber base in its drive to become the world’s leading telecommunications service provider in the emerging markets.With a telecommunications network that covers a population of approximately 500 million, the 100 million subscriber achievement means that one in five people in MTN’s 21 markets in Africa and the Middle East is an MTN subscriber.MTN said in a statement, made available to newsmen in Lagos on Wednesday, that the Group recorded 98,203,000 subscribers on March 31, 2009.This marked an increase of eight per cent from December 31, 2008, touching the all-important 100 million mark in April this year as the telecommunications operator signed up more customers.The Group CEO, Mr. Phuthuma Nhleko, said that for a 15-year-old company, operating amid increased competitive intensity in all its markets, this was a most satisfactory performance by MTN.“This affirms our leadership position in many areas of our business.“MTN’s success is also attributable to a business model that has included sound financial investment, strong corporate governance, effective management and corporate social responsibility,” Nhleko said.He expressed gratitude to the company’s culturally diverse staff of more than 40 nationalities across the company’s markets.According to him, their ‘can-do spirit and innovative mindset’ had placed the MTN Group in a strong competitive position.
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