Nigeria fine settlement exerted a significant negative impact on results of the MTN group for the six months ended June 30, 2016. Consolidated revenues increased by 14.0% year-on-year to ZAR78.878 billion ($5.736 billion), including data revenue which grew by 32.2%.
Following the final settlement of regulatory fine between MTN and the Federal Government of Nigeria, MTN has to pay 330 billion naira ($1.67 billion) over three years in full and final settlement. In June 2016, the first schedule of 30 billion naira ($124 million) has been paid.
Subscriber base remained flat at 232.6 million. There have been 7.5 million subscriber disconnections in Nigeria, Uganda and Cameroon to ensure regulatory compliance, (approximately 18 million since October 2015). Moreover, competition and economic pressure in South Africa, negatively impacted growth.
Looking ahead, improving customer analytics is a key priority and forms part of strategic review. Moreover, Global Value Propositions have been introduced to drive transition to data and enable global roaming .