South Africa’s MTN service revenue falls 18.5% in Q3

JOHANNESBURG: Africa’s biggest telecoms operator MTN Group reported on Thursday an 18.5% fall in service revenue in the third quarter ended Sept. 30, hit by the devaluation of the Nigerian naira and operational challenges in Sudan.

MTN, with 288 million subscribers in 17 markets across Africa, said its group service revenue fell to 127.4 billion rand ($6.99 billion) from 156.3 billion rand in the same quarter last year.