MTN reports significant revenue and subscriber increase in Q1 2022

South African technology giant MTN Group delivered a solid Q1 2022 performance, with double-digit service revenue growth of 15.9% across its entire markets.

The company's subscriber numbers grew by 3.2% year-on-year to 276.2 million, with MTN Nigeria adding 1.7  million subscribers during Q1 2022, demonstrating good momentum on the 1 million in net additions reported for Q4 2021, thanks to new SIM registration regulations in the country.

We break down the key highlights of the company's latest report below, by the entire group, the two biggest markets, and the services.