MTN Irancell revenue up 17% in H1
MTN Irancell’s revenue increased by 17.2 percent in local currency in the first six months of 2017, driven by increased data revenue despite pressure on data pricing. Data revenue increased by 67.7 percent, supported by growth in data bundles, modernisation of 2G and 3G sites and expansion of the 4G network, the company said.
The number of subscribers increased by 1.4 million in the six months to 49.0 million at the end of June, supported by attractive data bundles and a superior quality 3G and 4G network, according to the operator.
The company's EBITDA margin dipped slightly to 36.3 percent from 37.7 percent a year ago, after a 19.8 percent increase in operating costs. MTN said it expects to benefit from growth in the Iranian economy and from the country's youthful population, particularly in the digital services space.