Tuesday, May 28News That Matters

Day: March 13, 2024

MTN Uganda records an impressive 21.4% surge in PAT to Ushs 493bn.

MTN Uganda records an impressive 21.4% surge in PAT to Ushs 493bn.

FEATURED, NEWS
MTN Uganda, the country’s leading telecom company, has announced a remarkable 21.4% surge in its after-tax profits, reaching UShs 493 billion for the year ending December 31, 2023. This impressive financial performance has been attributed to a significant 16.1% increase in service revenue, which totaled UShs 2.63 trillion. Key drivers of this growth include a substantial 21.6% rise in data revenue, reaching UShs 621.9 billion, and an expansion in the number of active data subscribers by 22.4%, totaling 8.2 million. The company's overall subscriber base also saw a healthy increase of 13.3%, reaching 19.5 million. MTN Uganda’s CEO Sylvia Mulinge said the company's financial success is a testament to its commitment to local market engagement and capital market deepening in Uganda. &qu...
MTN Uganda recognized as the fastest mobile network by Ookla.

MTN Uganda recognized as the fastest mobile network by Ookla.

FEATURED, Latest News, LifeStyle
MTN Uganda was recently honored with the award for the Fastest Mobile Network in Uganda by Ookla, the global leader in internet testing and analysis. This prestigious accolade was presented to the company’s Chief Executive Officer, Sylvia Mulinge, at the sidelines of the esteemed Mobile World Congress (MWC) held in Barcelona last week, cementing MTN Uganda's position as a leader in telecommunications excellence. The MWC serves as a global platform for industry leaders to showcase innovations and advancements in telecommunications. MTN Uganda's recognition at this event further validates its position as a trailblazer in the telecommunications landscape, setting new benchmarks for mobile network performance and reliability. The recognition comes as a testament to MTN's relentless...