Revenue of MTN Group 2019-2023, by segment

Published by
Ahmed Sherif,
Sep 23, 2024

The MTN Group, a South African-based multinational telecommunications company, generates most of its revenue from mobile products and services. In 2023, their outgoing voice revenue amounted to about 3.7 billion U.S. dollars, a significant decrease compared to the previous year. In contrast, revenue from data usage reached some 4.4 billion U.S. dollars that year, marking a significant increase of over 200 million U.S. dollars in revenue for the data segment. The data segment has been on a growth trajectory since 2019 and could overtake the voice segment next year as MTN Group's most revenue-generating segment.

Revenue of MTN Group from 2019 to 2023, by segment (in million U.S. dollars)

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Release date

September 2024

Region

Africa, MENA

Survey time period

2019 to 2023

Supplementary notes

Year ended December 31st.

Figures for 2023 were converted from South African Rand (ZAR) to USD at the exchange rate of 1 ZAR - 0,05464 USD (December 31, 2023).

Figures for 2022 were converted from South African Rand (ZAR) to USD at the exchange rate of 1 ZAR - 0,05758 USD (December 31, 2022).

Figures for 2019 to 2021 were converted from South African Rand (ZAR) to USD at the exchange rate of 1 ZAR - 0.06267 USD (December 31, 2021).

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