MTN has reached 301.3 million subscribers throughout its 16 markets, changing into the primary telecommunications operator in Africa to hit the milestone, with a. buyer base now accounting for almost one in each 5 Africans.
The feat is a exceptional penetration fee on condition that solely an estimated 416 million of the inhabitants, together with youngsters and the aged, should not energetic cell customers. It additionally highlights the size of MTN’s infrastructure, industrial attain, and long-term funding technique. As of November 2025, Africa’s inhabitants is estimated at 1.56 billion individuals, which means roughly 19.3% of all Africans depend on MTN for connectivity.
A lot of this development is concentrated within the firm’s greatest markets. Nigeria leads with 85.4 million subscribers, adopted by South Africa with 39.8 million, Ghana with 30.5 million, and Uganda with almost 30 million. Collectively, these 4 nations contribute greater than 185 million prospects—over 61% of MTN’s complete subscriber base.
“We’re significantly happy to have crossed a formative milestone in connecting over 300 million prospects throughout our markets,” stated MTN Group CEO Ralph Mupita.
MTN is at present seeing a interval of relative macroeconomic stability throughout a number of of its key markets. Inflation moderated in lots of nations, change charges confirmed improved stability, and currencies such because the Ghanaian cedi and South African rand strengthened year-on-year, in line with the corporate’s Q3 2025 report. This surroundings supported MTN’s broader industrial efficiency. The corporate deployed R27.9 billion ($1.634 billion) in capital expenditure to strengthen its networks and digital platforms, sustaining a capex depth of 16.8% inside its goal vary. These investments fueled development in information site visitors and fintech transactions, which elevated by 26.6% and 13.9% respectively. General buyer numbers rose by 5.8% to succeed in the 301.3 million mark.
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