W MTN Group Limited · Results presentation for the year ended 31 December 2017. 1 Results...

Notes to the annual financial statements

1MTN Group Limited Financial results for the year ended 31 December 2017

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MTN Group LimitedResults presentation for the year ended

31 December 2017

1 Results presentation

43 Appendices

53 Data sheets

Contents

to brighter lives

* Constant currency information after taking into account the impact of the pro forma adjustments as defined** Reported# Based on our new modernised definitions∆ Organic revenue adjusts for prior year acquisitions, disposals and alignment of post-paid carry over rules Service revenue excludes device and sim card revenue Adjusted free cash flow = EBITDA less capex

Note: Certain financial information presented in these consolidated annual financial results constitutes pro forma financial information. The pro forma financial information is the responsibility of the group’s board of directors and is presented for illustrative purposes only. Because of its nature, the pro forma financial information may not fairly present MTN’s financial position, changes in equity, and results of operations or cash flows. The forward looking financial information incorporated in these consolidated financial results; has not been audited or reviewed or otherwise reported on by our external joint auditors. An assurance report has however been prepared and issued by our joint auditors PricewaterhouseCoopers Inc. and SizweNtsalubaGobodo Inc. in respect of the pro forma financial information included in this announcement that is available for inspection at the registered office of the company.1. The financial information presented in these consolidated financial results has been prepared excluding the impact of hyperinflation

and the relating goodwill and asset impairments, tower profits (including the profit realised on the exercise of the IHS exchange right whereby the group’s interest in the Nigeria tower company was exchanged for additional shareholding in IHS Holding Limited), the loss on derecognition of the long-term loan receivable from IHS, the Nigerian regulatory fine (consisting of the re-measurement impact when the settlement was entered into and the finance costs recognised as a result of the unwind of the initial discounting of the liability) and IFRS 2 share-based payment expense related to Zakhele Futhi (“the pro forma adjustments”) and constitutes pro forma financial information to the extent that it is not extracted from the segment disclosure included in the audited consolidated financial statements for the year ended 31 December 2017. This pro forma financial information has been presented to eliminate the impact of the pro forma adjustments from the consolidated financial results in order to achieve a comparable analysis year on year. The pro forma adjustments have been calculated in terms of the group accounting policies disclosed in the consolidated financial statements for the year ended 31 December 2017.

2. Constant currency information has been presented to illustrate the impact of changes in currency rates on the group’s results. In determining the change in constant currency terms, the current financial reporting period’s results have been adjusted to the prior period average exchange rates determined as the average of the monthly exchange rates. The measurement has been performed for each of the group’s currencies, materially being that of the US dollar and Nigerian naira. The constant currency growth percentage has been calculated based on the current year constant currency results compared to the prior year results. In addition, in respect of MTN Irancell, MTN Sudan, MTN South Sudan and MTN Syria, the constant currency information has been prepared excluding the impact of hyperinflation. Hyperinflation accounting was discontinued for MTN Irancell and MTN Sudan on 1 July 2015 and 1 July 2016 respectively. The economy of South Sudan was assessed to be hyperinflationary effective 1 January 2016, and hyperinflation accounting was applied from December 2016 onwards.

The group’s results are presented in line with the group’s operational structure. This is South Africa, Nigeria, Southern and East Africa and Ghana (SEAGHA), West and Central Africa (WECA) and Middle East and North Africa (MENA) and their respective underlying operations.

The SEAGHA region includes Ghana, Uganda, Zambia, Rwanda, South Sudan, Botswana (joint venture-equity accounted), Swaziland (joint venture-equity accounted) and Business Group. The WECA region includes Cameroon, Ivory Coast, Benin, Congo Brazzaville, Liberia, Guinea Conakry and Guinea Bissau. The MENA region includes Iran (joint venture-equity accounted), Syria, Sudan, Yemen, Afghanistan and Cyprus.

Although Iran, Botswana and Swaziland form part of their respective regions geographically and operationally, they are excluded from their respective regional results because they are equity accounted for by the group.

ResultspresentationResults presentation for the year

ended 31 December 2017

Notes

02 MTN Group Limited Financial results for the year ended 31 December 2017

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Data sheets

Datasheets


MTN Group LimitedResults for the year ended 31 December 2017

ARPU(US dollar)

Modernised

Country 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17

South Africa 5,29 5,47 6,31 6,69 6,34 6,51 6,69 7,12

Nigeria 5,40 5,09 3,38 3,52 3,60 3,61 4,31 4,24

SEAGHA

Ghana 3,13 3,19 3,23 3,27 2,87 3,67 3,73 4,05Uganda 2,49 2,25 2,23 2,30 2,11 2,06 2,14 2,32Rwanda 2,01 1,93 1,95 1,87 1,74 2,03 2,45 2,46Zambia 2,45 2,63 2,82 2,60 2,27 2,68 3,05 3,14South Sudan 2,06 1,50 1,24 1,95 1,84 2,19 2,27 3,14Botswana (joint venture) 5,45 5,67 6,33 6,74 6,17 6,70 6,50 7,60Swaziland (joint venture) 5,60 6,11 7,41 7,77 7,75 7,72 7,28 7,98

WECACameroon 3,37 3,29 3,36 3,38 2,98 3,17 3,40 4,32Ivory Coast 4,55 4,63 4,76 4,51 4,33 4,35 3,99 4,17Benin 5,94 5,95 5,87 5,92 5,30 5,09 4,99 4,68Conakry 1,70 1,83 2,06 2,02 2,16 2,24 2,21 2,12Congo B 8,22 8,66 8,01 7,35 6,51 7,43 6,78 5,72Liberia 3,73 3,51 3,34 3,45 2,44 2,59 2,44 3,88Bissau 3,24 4,11 3,94 3,52 3,48 4,62 3,90 3,78

MENAIran (joint venture) 3,73 3,99 4,02 3,94 3,86 3,84 4,35 4,87Syria 2,09 1,80 2,16 2,02 1,96 1,98 2,15 2,29Sudan 2,83 2,90 3,12 3,41 3,59 3,76 3,92 2,79Yemen 4,10 3,71 3,69 3,24 3,17 3,29 3,11 2,34Afghanistan 1,92 1,84 2,01 1,92 1,52 1,72 1,84 1,73Cyprus 18,51 19,33 19,68 17,53 17,10 20,07 18,62 19,53


Data sheets

ARPU(US dollar)

Modernised


South Africa 5,29 5,47 6,31 6,69 6,34 6,51 6,69 7,12

Nigeria 5,40 5,09 3,38 3,52 3,60 3,61 4,31 4,24

SEAGHA

Ghana 3,13 3,19 3,23 3,27 2,87 3,67 3,73 4,05Uganda 2,49 2,25 2,23 2,30 2,11 2,06 2,14 2,32Rwanda 2,01 1,93 1,95 1,87 1,74 2,03 2,45 2,46Zambia 2,45 2,63 2,82 2,60 2,27 2,68 3,05 3,14South Sudan 2,06 1,50 1,24 1,95 1,84 2,19 2,27 3,14Botswana (joint venture) 5,45 5,67 6,33 6,74 6,17 6,70 6,50 7,60Swaziland (joint venture) 5,60 6,11 7,41 7,77 7,75 7,72 7,28 7,98

WECACameroon 3,37 3,29 3,36 3,38 2,98 3,17 3,40 4,32Ivory Coast 4,55 4,63 4,76 4,51 4,33 4,35 3,99 4,17Benin 5,94 5,95 5,87 5,92 5,30 5,09 4,99 4,68Conakry 1,70 1,83 2,06 2,02 2,16 2,24 2,21 2,12Congo B 8,22 8,66 8,01 7,35 6,51 7,43 6,78 5,72Liberia 3,73 3,51 3,34 3,45 2,44 2,59 2,44 3,88Bissau 3,24 4,11 3,94 3,52 3,48 4,62 3,90 3,78

MENAIran (joint venture) 3,73 3,99 4,02 3,94 3,86 3,84 4,35 4,87Syria 2,09 1,80 2,16 2,02 1,96 1,98 2,15 2,29Sudan 2,83 2,90 3,12 3,41 3,59 3,76 3,92 2,79Yemen 4,10 3,71 3,69 3,24 3,17 3,29 3,11 2,34Afghanistan 1,92 1,84 2,01 1,92 1,52 1,72 1,84 1,73Cyprus 18,51 19,33 19,68 17,53 17,10 20,07 18,62 19,53


ARPU(Local currency)

Modernised


South Africa 82,59 81,42 89,95 92,11 84,79 85,24 88,12 96,80 Postpaid 152,19 149,73 175,23 162,14 147,05 148,97 149,70 160,42 Postpaid (excluding

telemetry) 265,57 263,97 312,01 290,88 264,52 268,57 272,40 296,90 Prepaid 68,30 67,15 72,00 77,54 72,06 72,32 75,87 82,84

Nigeria 1 078,00 1 086,00 1 047,63 1 100,02 1 131,00 1 171,00 1 407,73 1 483,52

SEAGHAGhana 12,17 12,28 12,73 13,66 12,90 15,92 16,45 18,15Uganda 8 462,00 7 528,18 7 526,96 8 114,82 7 635,00 7 399,00 7 699,00 8 455,00Rwanda 1 487,72 1 486,82 1 544,73 1 507,62 1 413,31 1 696,89 2 061,66 2 085,71Zambia 27,47 26,89 28,09 25,38 21,80 24,54 27,82 31,45South Sudan 55,11 55,05 70,22 145,63 198,44 257,39 267,73 393,34Botswana (joint venture) 61,00 63,00 67,00 71,31 64,65 69,00 69,00 76,26 Swaziland (joint venture) 88,00 91,00 105,54 106,95 102,69 101,16 95,89 108,46

WECACameroon 2 052,45 1 952,75 1 981,00 2 046,88 1 844,00 1 850,00 1 884,00 2 440,00Ivory Coast 2 771,75 2 705,14 2 802,82 2 738,18 2 683,85 2 530,85 2 236,02 2,355,54Benin 3 616,00 3 506,59 3 458,95 3 595,94 3 283,25 2 962,55 2 793,69 2 643,54Conakry 14 791,78 16 409,98 18 657,08 18 393,40 19 926,34 20 093,59 19 890,34 19 091,33Congo B 4 926,03 5 054,11 4 714,69 4 455,24 4 031,72 4 328,90 3 788,47 3 211,45Liberia 3,73 3,51 3,34 3,45 2,44 2,59 2,44 3,88Bissau 1 978,20 2 403,63 2 321,77 2 136,85 2 157,54 2 691,26 2 182,31 2 133,76

MENAIran (joint venture) 112 513,01 121 147,23 126 364,00 125 604,00 128 907,00 134 721,00 143 178,00 169 151,00Syria 767,08 865,87 1 083,20 1 045,44 1 013,91 1 024,15 1 111,89 1 083,76Sudan 17,23 17,69 19,05 22,04 24,00 25,13 26,18 29,91Yemen 880,20 904,79 921,50 810,82 793,79 824,79 843,85 912,72Afghanistan 131,93 126,34 135,98 128,59 102,76 117,50 126,09 118,75Cyprus 16,93 17,15 17,41 16,20 16,08 16,03 15,83 16,53

MTN Group Limited continued

Results for the year ended 31 December 2017


Data sheets

ARPU(Local currency)

Modernised


South Africa 82,59 81,42 89,95 92,11 84,79 85,24 88,12 96,80 Postpaid 152,19 149,73 175,23 162,14 147,05 148,97 149,70 160,42 Postpaid (excluding

telemetry) 265,57 263,97 312,01 290,88 264,52 268,57 272,40 296,90 Prepaid 68,30 67,15 72,00 77,54 72,06 72,32 75,87 82,84

Nigeria 1 078,00 1 086,00 1 047,63 1 100,02 1 131,00 1 171,00 1 407,73 1 483,52

SEAGHAGhana 12,17 12,28 12,73 13,66 12,90 15,92 16,45 18,15Uganda 8 462,00 7 528,18 7 526,96 8 114,82 7 635,00 7 399,00 7 699,00 8 455,00Rwanda 1 487,72 1 486,82 1 544,73 1 507,62 1 413,31 1 696,89 2 061,66 2 085,71Zambia 27,47 26,89 28,09 25,38 21,80 24,54 27,82 31,45South Sudan 55,11 55,05 70,22 145,63 198,44 257,39 267,73 393,34Botswana (joint venture) 61,00 63,00 67,00 71,31 64,65 69,00 69,00 76,26 Swaziland (joint venture) 88,00 91,00 105,54 106,95 102,69 101,16 95,89 108,46

WECACameroon 2 052,45 1 952,75 1 981,00 2 046,88 1 844,00 1 850,00 1 884,00 2 440,00Ivory Coast 2 771,75 2 705,14 2 802,82 2 738,18 2 683,85 2 530,85 2 236,02 2,355,54Benin 3 616,00 3 506,59 3 458,95 3 595,94 3 283,25 2 962,55 2 793,69 2 643,54Conakry 14 791,78 16 409,98 18 657,08 18 393,40 19 926,34 20 093,59 19 890,34 19 091,33Congo B 4 926,03 5 054,11 4 714,69 4 455,24 4 031,72 4 328,90 3 788,47 3 211,45Liberia 3,73 3,51 3,34 3,45 2,44 2,59 2,44 3,88Bissau 1 978,20 2 403,63 2 321,77 2 136,85 2 157,54 2 691,26 2 182,31 2 133,76

MENAIran (joint venture) 112 513,01 121 147,23 126 364,00 125 604,00 128 907,00 134 721,00 143 178,00 169 151,00Syria 767,08 865,87 1 083,20 1 045,44 1 013,91 1 024,15 1 111,89 1 083,76Sudan 17,23 17,69 19,05 22,04 24,00 25,13 26,18 29,91Yemen 880,20 904,79 921,50 810,82 793,79 824,79 843,85 912,72Afghanistan 131,93 126,34 135,98 128,59 102,76 117,50 126,09 118,75Cyprus 16,93 17,15 17,41 16,20 16,08 16,03 15,83 16,53


MTN GROUPSUBSCRIBERSINCLUDING WIMAX(’000) Modernised


South Africa 30 077 29 805 29 668 30 764 30 231 31 216 30 908 29 516 Postpaid 5 198 5 132 5 166 5 185 5 161 5 194 5 227 5 357 Prepaid 24 879 24 673 24 502 25 579 25 070 26 022 25 681 24 159

Nigeria 57 045 58 978 60 462 61 970 60 523 53 094 50 308 52 273

SEAGHA 39 723 40 647 41 357 43 271 40 837 40 982 41 102 38 660 Ghana 17 004 17 579 18 050 19 296 16 789 17 304 17 590 15 667 Uganda 9 624 9 891 10 180 10 549 10 861 11 158 10 806 10 707 Rwanda 4 015 3 989 4 094 4 062 4 210 3 510 3 575 3 413 Zambia 5 197 5 417 5 392 5 802 5 505 5 575 5 695 5 485 South Sudan 1 126 1 055 892 771 708 685 691 663 Botswana 1 826 1 798 1 805 1 821 1 784 1 763 1 746 1 746 Swaziland 931 919 945 970 981 987 999 979

WECA 28 903 29 003 29 598 30 636 31 354 31 929 32 953 29 134 Cameroon 9 477 9 648 9 521 9 870 9 749 9 541 9 447 7 052 Ivory Coast 8 140 8 236 8 542 9 484 10 399 11 018 11 619 10 922 Benin 3 923 3 962 3 988 4 053 4 162 4 273 4 280 4 358 Conakry 3 075 2 748 2 941 2 563 2 493 2 550 2 696 2 648 Congo B 2 175 2 270 2 333 2 404 2 355 2 345 2 481 2 532 Liberia 1 409 1 443 1 574 1 577 1 495 1 412 1 635 881 Bissau 704 696 699 685 700 789 795 742

MENA 73 855 74 145 73 613 73 738 73 868 74 547 74 957 67 648 Iran (joint venture) 46 852 47 316 47 837 47 625 48 118 49 041 49 539 43 257 Syria 5 802 5 837 5 899 6 067 5 915 5 915 5 915 5 617 Sudan 8 800 8 814 7 668 7 490 7 604 7 576 7 450 7 582 Yemen 5 335 5 310 5 322 5 252 5 221 5 110 5 089 4 371 Afghanistan 6 702 6 482 6 480 6 895 6 597 6 469 6 516 6 400 Cyprus 363 386 407 409 414 436 447 421

Total subscribers 229 603 232 577 234 698 240 378 236 813 231 768 230 228 217 231




Data sheets

MTN GROUPSUBSCRIBERSINCLUDING WIMAX(’000) Modernised


South Africa 30 077 29 805 29 668 30 764 30 231 31 216 30 908 29 516 Postpaid 5 198 5 132 5 166 5 185 5 161 5 194 5 227 5 357 Prepaid 24 879 24 673 24 502 25 579 25 070 26 022 25 681 24 159

Nigeria 57 045 58 978 60 462 61 970 60 523 53 094 50 308 52 273

SEAGHA 39 723 40 647 41 357 43 271 40 837 40 982 41 102 38 660 Ghana 17 004 17 579 18 050 19 296 16 789 17 304 17 590 15 667 Uganda 9 624 9 891 10 180 10 549 10 861 11 158 10 806 10 707 Rwanda 4 015 3 989 4 094 4 062 4 210 3 510 3 575 3 413 Zambia 5 197 5 417 5 392 5 802 5 505 5 575 5 695 5 485 South Sudan 1 126 1 055 892 771 708 685 691 663 Botswana 1 826 1 798 1 805 1 821 1 784 1 763 1 746 1 746 Swaziland 931 919 945 970 981 987 999 979

WECA 28 903 29 003 29 598 30 636 31 354 31 929 32 953 29 134 Cameroon 9 477 9 648 9 521 9 870 9 749 9 541 9 447 7 052 Ivory Coast 8 140 8 236 8 542 9 484 10 399 11 018 11 619 10 922 Benin 3 923 3 962 3 988 4 053 4 162 4 273 4 280 4 358 Conakry 3 075 2 748 2 941 2 563 2 493 2 550 2 696 2 648 Congo B 2 175 2 270 2 333 2 404 2 355 2 345 2 481 2 532 Liberia 1 409 1 443 1 574 1 577 1 495 1 412 1 635 881 Bissau 704 696 699 685 700 789 795 742

MENA 73 855 74 145 73 613 73 738 73 868 74 547 74 957 67 648 Iran (joint venture) 46 852 47 316 47 837 47 625 48 118 49 041 49 539 43 257 Syria 5 802 5 837 5 899 6 067 5 915 5 915 5 915 5 617 Sudan 8 800 8 814 7 668 7 490 7 604 7 576 7 450 7 582 Yemen 5 335 5 310 5 322 5 252 5 221 5 110 5 089 4 371 Afghanistan 6 702 6 482 6 480 6 895 6 597 6 469 6 516 6 400 Cyprus 363 386 407 409 414 436 447 421

Total subscribers 229 603 232 577 234 698 240 378 236 813 231 768 230 228 217 231




REVENUE(Rm)

Country 1H17 2H17 2017 1H16 2H16 2016Reported

%

Constantcurrency

%

South Africa (opco) 20 129 22 413 42 542 19 588 21 715 41 303 3,0 3,0

Nigeria 18 037 17 968 36 005 28 941 18 181 47 122 (23,6) 11,4

SEAGHA 9 475 10 658 20 133 10 480 10 031 20 511 (1,8) 17,3

Ghana 4 864 5 518 10 382 5 165 5 126 10 291 0,9 23,3

Uganda 2 506 2 687 5 193 2 804 2 661 5 465 (5,0) 10,0

Rwanda 661 698 1 359 775 689 1 464 (7,2) 8,7

Zambia 1 219 1 495 2 714 1 408 1 300 2 708 0,2 1,9

South Sudan 122 157 279 210 139 349 (20,1) 127,2

Business Group 103 103 206 118 116 234 (12,0) (6,8)

WECA 10 407 10 544 20 951 12 241 11 001 23 242 (9,9) (2,8)

Cameroon 2 609 2 764 5 373 3 202 2 987 6 189 (13,2) (6,6)

Ivory Coast 3 639 3 782 7 421 3 751 3 425 7 176 3,4 11,0

Bissau 246 243 489 246 230 476 2,7 10,5

Conakry 458 474 932 527 505 1 032 (9,7) 0,6

Congo B 1 370 1 259 2 629 1 815 1 567 3 382 (22,3) (15,7)

Liberia 334 303 637 524 451 975 (34,7) (28,1)

Benin 1 751 1 719 3 470 2 176 1 836 4 012 (13,5) (6,9)

MENA 6 299 6 417 12 716 7 402 6 886 14 288 (11,0) 7,5

Syria 952 1 055 2 007 1 068 1 055 2 123 (5,5) 14,8

Sudan 2 272 2 268 4 540 2 345 2 240 4 585 (1,0) 25,2

Yemen 1 343 1 091 2 434 1 905 1 554 3 459 (29,6) (9,2)

Afghanistan 910 962 1 872 1 204 1 108 2 312 (19,0) (11,0)

Cyprus 822 1 041 1 863 880 929 1 809 3,0 9,6

Joint venturesIran 7 869 8 634 16 503 8 324 8 212 16 536 (0,2) 17,8

Botswana 538 518 1 056 518 486 1 004 5,2 9,8

Swaziland 189 182 371 174 187 361 2,5 2,5

Equity accounting exclusion (8 596) (9 334) (17 930) (9 016) (8 885) (17 901)

Head office companies and eliminations (32) (4) (36) 226 202 428

Total 64 315 67 996 132 311 78 878 68 016 146 894 (9,9) 6,8

Hyperinflation 71 433 504 237 789 1 026

Total Including hyperinflation 64 386 68 429 132 815 79 115 68 805 147 920 (10,2) 5,9

Note: Realigned to reflect the segments reallocated.


Data sheets

REVENUE(Rm)


%

Constantcurrency

%


Nigeria 18 037 17 968 36 005 28 941 18 181 47 122 (23,6) 11,4

SEAGHA 9 475 10 658 20 133 10 480 10 031 20 511 (1,8) 17,3

Ghana 4 864 5 518 10 382 5 165 5 126 10 291 0,9 23,3

Uganda 2 506 2 687 5 193 2 804 2 661 5 465 (5,0) 10,0

Rwanda 661 698 1 359 775 689 1 464 (7,2) 8,7

Zambia 1 219 1 495 2 714 1 408 1 300 2 708 0,2 1,9

South Sudan 122 157 279 210 139 349 (20,1) 127,2

Business Group 103 103 206 118 116 234 (12,0) (6,8)

WECA 10 407 10 544 20 951 12 241 11 001 23 242 (9,9) (2,8)

Cameroon 2 609 2 764 5 373 3 202 2 987 6 189 (13,2) (6,6)

Ivory Coast 3 639 3 782 7 421 3 751 3 425 7 176 3,4 11,0

Bissau 246 243 489 246 230 476 2,7 10,5

Conakry 458 474 932 527 505 1 032 (9,7) 0,6

Congo B 1 370 1 259 2 629 1 815 1 567 3 382 (22,3) (15,7)

Liberia 334 303 637 524 451 975 (34,7) (28,1)

Benin 1 751 1 719 3 470 2 176 1 836 4 012 (13,5) (6,9)

MENA 6 299 6 417 12 716 7 402 6 886 14 288 (11,0) 7,5

Syria 952 1 055 2 007 1 068 1 055 2 123 (5,5) 14,8

Sudan 2 272 2 268 4 540 2 345 2 240 4 585 (1,0) 25,2

Yemen 1 343 1 091 2 434 1 905 1 554 3 459 (29,6) (9,2)

Afghanistan 910 962 1 872 1 204 1 108 2 312 (19,0) (11,0)

Cyprus 822 1 041 1 863 880 929 1 809 3,0 9,6

Joint venturesIran 7 869 8 634 16 503 8 324 8 212 16 536 (0,2) 17,8

Botswana 538 518 1 056 518 486 1 004 5,2 9,8

Swaziland 189 182 371 174 187 361 2,5 2,5

Equity accounting exclusion (8 596) (9 334) (17 930) (9 016) (8 885) (17 901)

Head office companies and eliminations (32) (4) (36) 226 202 428

Total 64 315 67 996 132 311 78 878 68 016 146 894 (9,9) 6,8

Hyperinflation 71 433 504 237 789 1 026

Total Including hyperinflation 64 386 68 429 132 815 79 115 68 805 147 920 (10,2) 5,9





REVENUE BREAKDOWN(Rm)


%

Constantcurrency

%

South Africa (opco)Outgoing voice(1) 7 134 7 192 14 326 7 670 8 697 16 367‡ (12,5) (12,5)

Incoming voice(2) 808 885 1 693 767 852 1 619 4,6 4,6

Data(3) 6 619 7 545 14 164 5 599 5 736 11 335‡ 25,0 25,0

Digital 1 259 1 445 2 704 915 1 296 2 211 22,3 22,3

SMS 553 502 1 055 675 637 1 312 (19,6) (19,6)

Devices 3 151 4 132 7 283 3 406 3 757 7 163 1,7 1,7

Wholesale(4) 386 511 897 385 406 791 13,4 13,4

Other 219 201 420 171 334 505 (16,8) (16,8)

Revenue 20 129 22 413 42 542 19 588 21 715 41 303 3,0 3,0

NigeriaOutgoing voice(1) 11 315 11 429 22 744 19 569 11 233 30 802 (26,2) 7,5

Incoming voice(2) 2 126 1 886 4 012 3 352 2 276 5 628 (28,7) 5,4

Data(3) 1 904 2 472 4 376 1 774 1 535 3 309 32,2 86,6

Digital 2 181 1 692 3 873 3 409 2 611 6 020 (35,7) (3,5)

SMS 257 257 514 377 269 646 (20,4) 15,9

Devices 53 55 108 37 47 84 28,6 89,3

Wholesale(4) 178 151 329 366 189 555 (40,7) (11,9)

Other 23 26 49 57 21 78 (37,2) (10,3)

Revenue 18 037 17 968 36 005 28 941 18 181 47 122 (23,6) 11,4

GhanaOutgoing voice(1) 1 886 2 209 4 095 2 364 2 120 4 484 (8,7) 11,4

Incoming voice(2) 526 492 1 018 713 597 1 310 (22,3) (4,4)

Data(3) 1 180 1 389 2 569 916 1 168 2 084 23,3 50,6

Digital 1 110 1 245 2 355 1 006 1 085 2 091 12,6 37,7

SMS 50 36 86 49 37 86 – 25,6

Devices 34 49 83 42 34 76 9,2 32,9

Wholesale(4) 25 26 51 48 39 87 (41,4) (27,6)

Other 53 72 125 27 46 73 71,2 106,8

Revenue 4 864 5 518 10 382 5 165 5 126 10 291 0,9 23,3 ‡Not adjusted for postpaid carry-over rules.(1) Definition refined to exclude international roaming.(2) Definition refined to include international roaming and exclude wholesale.(3) Data includes access data, ISP and EBU access data.(4) Includes wholesale voice, data, SMS, leased lines and BTS rentals.


Data sheets



%

Constantcurrency

%

South Africa (opco)Outgoing voice(1) 7 134 7 192 14 326 7 670 8 697 16 367‡ (12,5) (12,5)

Incoming voice(2) 808 885 1 693 767 852 1 619 4,6 4,6

Data(3) 6 619 7 545 14 164 5 599 5 736 11 335‡ 25,0 25,0

Digital 1 259 1 445 2 704 915 1 296 2 211 22,3 22,3

SMS 553 502 1 055 675 637 1 312 (19,6) (19,6)

Devices 3 151 4 132 7 283 3 406 3 757 7 163 1,7 1,7

Wholesale(4) 386 511 897 385 406 791 13,4 13,4

Other 219 201 420 171 334 505 (16,8) (16,8)

Revenue 20 129 22 413 42 542 19 588 21 715 41 303 3,0 3,0

NigeriaOutgoing voice(1) 11 315 11 429 22 744 19 569 11 233 30 802 (26,2) 7,5

Incoming voice(2) 2 126 1 886 4 012 3 352 2 276 5 628 (28,7) 5,4

Data(3) 1 904 2 472 4 376 1 774 1 535 3 309 32,2 86,6

Digital 2 181 1 692 3 873 3 409 2 611 6 020 (35,7) (3,5)

SMS 257 257 514 377 269 646 (20,4) 15,9

Devices 53 55 108 37 47 84 28,6 89,3

Wholesale(4) 178 151 329 366 189 555 (40,7) (11,9)

Other 23 26 49 57 21 78 (37,2) (10,3)

Revenue 18 037 17 968 36 005 28 941 18 181 47 122 (23,6) 11,4

GhanaOutgoing voice(1) 1 886 2 209 4 095 2 364 2 120 4 484 (8,7) 11,4

Incoming voice(2) 526 492 1 018 713 597 1 310 (22,3) (4,4)

Data(3) 1 180 1 389 2 569 916 1 168 2 084 23,3 50,6

Digital 1 110 1 245 2 355 1 006 1 085 2 091 12,6 37,7

SMS 50 36 86 49 37 86 – 25,6

Devices 34 49 83 42 34 76 9,2 32,9

Wholesale(4) 25 26 51 48 39 87 (41,4) (27,6)

Other 53 72 125 27 46 73 71,2 106,8

Revenue 4 864 5 518 10 382 5 165 5 126 10 291 0,9 23,3 ‡Not adjusted for postpaid carry-over rules.(1) Definition refined to exclude international roaming.(2) Definition refined to include international roaming and exclude wholesale.(3) Data includes access data, ISP and EBU access data.(4) Includes wholesale voice, data, SMS, leased lines and BTS rentals.






%

Constantcurrency

%

UgandaOutgoing voice(1) 1 362 1 427 2 789 1 526 1 451 2 977 (6,3) 8,5

Incoming voice(2) 170 183 353 256 207 463 (23,8) (11,7)

Data(3) 213 283 496 195 208 403 23,1 41,4

Digital 635 687 1 322 649 670 1 319 0,2 16,1

SMS 20 18 38 29 26 55 (30,9) (20,0)

Devices 32 26 58 71 34 105 (44,8) (34,3)

Wholesale(4) 32 21 53 34 25 59 (10,2) 5,1

Other 42 42 84 44 40 84 – 14,3

Revenue 2 506 2 687 5 193 2 804 2 661 5 465 (5,0) 10,0

CameroonOutgoing voice(1) 1 524 1 502 3 026 2 027 1 811 3 838 (21,2) (14,9)

Incoming voice(2) 338 325 663 390 402 792 (16,3) (9,5)

Data(3) 347 451 798 347 355 702 13,7 21,1

Digital 111 195 306 135 117 252 21,4 27,4

SMS 75 78 153 90 78 168 (8,9) (1,8)

Devices 104 93 197 91 100 191 3,1 11,5

Wholesale(4) – – – – – – – –

Other 110 120 230 122 124 246 (6,5) 0,4

Revenue 2 609 2 764 5 373 3 202 2 987 6 189 (13,2) (6,6)

Ivory CoastOutgoing voice(1) 2 287 2 211 4 498 2 417 2 176 4 593 (2,1) 5,5

Incoming voice(2) 410 493 903 585 452 1 037 (12,9) (7,1)

Data(3) 338 378 716 187 222 409 75,1 87,5

Digital 398 481 879 327 378 705 24,7 32,6

SMS 43 48 91 52 40 92 (1,1) 5,4

Devices 28 19 47 40 59 99 (52,5) (48,5)

Wholesale(4) 130 134 264 127 98 225 17,3 26,2

Other 5 18 23 16 – 16 43,8 56,3

Revenue 3 639 3 782 7 421 3 751 3 425 7 176 3,4 11,0

(1) Definition refined to exclude international roaming.(2) Definition refined to include international roaming and exclude wholesale.(3) Data includes access data, ISP and EBU access data.(4) Includes wholesale voice, data, SMS, leased lines and BTS rentals.


Data sheets



%

Constantcurrency

%

UgandaOutgoing voice(1) 1 362 1 427 2 789 1 526 1 451 2 977 (6,3) 8,5

Incoming voice(2) 170 183 353 256 207 463 (23,8) (11,7)

Data(3) 213 283 496 195 208 403 23,1 41,4

Digital 635 687 1 322 649 670 1 319 0,2 16,1

SMS 20 18 38 29 26 55 (30,9) (20,0)

Devices 32 26 58 71 34 105 (44,8) (34,3)

Wholesale(4) 32 21 53 34 25 59 (10,2) 5,1

Other 42 42 84 44 40 84 – 14,3

Revenue 2 506 2 687 5 193 2 804 2 661 5 465 (5,0) 10,0

CameroonOutgoing voice(1) 1 524 1 502 3 026 2 027 1 811 3 838 (21,2) (14,9)

Incoming voice(2) 338 325 663 390 402 792 (16,3) (9,5)

Data(3) 347 451 798 347 355 702 13,7 21,1

Digital 111 195 306 135 117 252 21,4 27,4

SMS 75 78 153 90 78 168 (8,9) (1,8)

Devices 104 93 197 91 100 191 3,1 11,5

Wholesale(4) – – – – – – – –

Other 110 120 230 122 124 246 (6,5) 0,4

Revenue 2 609 2 764 5 373 3 202 2 987 6 189 (13,2) (6,6)

Ivory CoastOutgoing voice(1) 2 287 2 211 4 498 2 417 2 176 4 593 (2,1) 5,5

Incoming voice(2) 410 493 903 585 452 1 037 (12,9) (7,1)

Data(3) 338 378 716 187 222 409 75,1 87,5

Digital 398 481 879 327 378 705 24,7 32,6

SMS 43 48 91 52 40 92 (1,1) 5,4

Devices 28 19 47 40 59 99 (52,5) (48,5)

Wholesale(4) 130 134 264 127 98 225 17,3 26,2

Other 5 18 23 16 – 16 43,8 56,3

Revenue 3 639 3 782 7 421 3 751 3 425 7 176 3,4 11,0







%

Constantcurrency

%

SyriaOutgoing voice(1) 584 646 1 230 667 665 1 332 (7,7) 12,0 Incoming voice(2) 25 29 54 42 34 76 (28,9) (13,2)Data(3) 260 291 551 284 283 567 (2,8) 18,3 Digital 41 42 83 24 28 52 59,6 96,2 SMS 39 45 84 48 41 89 (5,6) 14,6 Devices – – – 1 – 1 (100,0) (100,0)Wholesale(4) – – – – 1 1 (100,0) (100,0)Other 3 2 5 2 3 5 – –

Revenue 952 1 055 2 007 1 068 1 055 2 123 (5,5) 14,8

Hyperinflation 40 343 383 103 381 484

Revenue including hyperinflation 992 1 398 2 390 1 171 1 436 2 607 (8,3) 71,1

SudanOutgoing voice(1) 1 098 1 055 2 153 1 191 1 088 2 279 (5,5) 18,4 Incoming voice(2) 349 338 687 423 394 817 (15,9) 9,8 Data(3) 620 669 1 289 519 541 1 060 21,6 52,5 Digital 132 130 262 126 123 249 5,2 32,5 SMS 35 30 65 41 37 78 (16,7) 5,1 Devices 5 18 23 – 4 4 475,0 850,0 Wholesale(4) – – – – – – – – Other 33 28 61 45 53 98 (37,8) (21,4)

Revenue 2 272 2 268 4 540 2 345 2 240 4 585 (1,0) 25,2

Hyperinflation – – – 134 (12) 122

Revenue including hyperinflation 2 272 2 268 4 540 2 479 2 228 4 707 (3,5) 131,5

Iran (49%)Outgoing voice(1) 2 492 2 333 4 825 3 158 2 863 6 021 (19,9) (5,0)Incoming voice(2) 806 785 1 591 1 011 957 1 968 (19,2) (4,3)Data(3) 3 039 3 868 6 907 2 241 2 639 4 880 41,5 66,3 Digital 938 1 060 1 998 1 121 952 2 073 (3,6) 13,6 SMS 430 349 779 679 574 1 253 (37,8) (26,1)Devices 133 124 257 73 119 192 33,9 58,9 Wholesale(4) – – – – – – – – Other 31 115 146 41 108 149 (2,0) 15,4

Revenue 7 869 8 634 16 503 8 324 8 212 16 536 (0,2) 17,8



Data sheets



%

Constantcurrency

%

SyriaOutgoing voice(1) 584 646 1 230 667 665 1 332 (7,7) 12,0 Incoming voice(2) 25 29 54 42 34 76 (28,9) (13,2)Data(3) 260 291 551 284 283 567 (2,8) 18,3 Digital 41 42 83 24 28 52 59,6 96,2 SMS 39 45 84 48 41 89 (5,6) 14,6 Devices – – – 1 – 1 (100,0) (100,0)Wholesale(4) – – – – 1 1 (100,0) (100,0)Other 3 2 5 2 3 5 – –

Revenue 952 1 055 2 007 1 068 1 055 2 123 (5,5) 14,8

Hyperinflation 40 343 383 103 381 484

Revenue including hyperinflation 992 1 398 2 390 1 171 1 436 2 607 (8,3) 71,1

SudanOutgoing voice(1) 1 098 1 055 2 153 1 191 1 088 2 279 (5,5) 18,4 Incoming voice(2) 349 338 687 423 394 817 (15,9) 9,8 Data(3) 620 669 1 289 519 541 1 060 21,6 52,5 Digital 132 130 262 126 123 249 5,2 32,5 SMS 35 30 65 41 37 78 (16,7) 5,1 Devices 5 18 23 – 4 4 475,0 850,0 Wholesale(4) – – – – – – – – Other 33 28 61 45 53 98 (37,8) (21,4)

Revenue 2 272 2 268 4 540 2 345 2 240 4 585 (1,0) 25,2

Hyperinflation – – – 134 (12) 122

Revenue including hyperinflation 2 272 2 268 4 540 2 479 2 228 4 707 (3,5) 131,5

Iran (49%)Outgoing voice(1) 2 492 2 333 4 825 3 158 2 863 6 021 (19,9) (5,0)Incoming voice(2) 806 785 1 591 1 011 957 1 968 (19,2) (4,3)Data(3) 3 039 3 868 6 907 2 241 2 639 4 880 41,5 66,3 Digital 938 1 060 1 998 1 121 952 2 073 (3,6) 13,6 SMS 430 349 779 679 574 1 253 (37,8) (26,1)Devices 133 124 257 73 119 192 33,9 58,9 Wholesale(4) – – – – – – – – Other 31 115 146 41 108 149 (2,0) 15,4

Revenue 7 869 8 634 16 503 8 324 8 212 16 536 (0,2) 17,8





EBITDA EXCLUDING HYPERINFLATION, TOWER PROFITS, NIGERIA REGULATORY FINE AND ZAKHELE FUTHI (Rm)


%

Constant currency

%


Nigeria 6 906 7 135 14 041 14 421 7 433 21 854 (35,8) (6,6)

SEAGHA 2 984 3 851 6 835 3 238 3 503 6 741 1,4 17,4 Ghana 1 786 2 330 4 116 2 004 2 180 4 184 (1,6) 19,4 Uganda 830 964 1 794 842 778 1 620 10,7 27,8 Rwanda 56 69 125 213 204 417 (70,0) (62,8)Zambia 343 535 878 456 420 876 0,2 1,7 South Sudan (28) (36) (64) (296) (83) (379) (83,1) (52,5)Business Group (3) (11) (14) 19 4 23 (160,9) (169,6)

WECA 3 148 2 188 5 336 4 149 2 858 7 007 (23,8) (16,4)Cameroon 808 496 1 304 1 218 847 2 065 (36,9) (30,1)Ivory Coast 1 276 1 071 2 347 1 349 984 2 333 0,6 9,1 Bissau 86 75 161 70 68 138 16,7 26,1 Conakry (6) 45 39 (77) (92) (169) (123,1) (123,7)Congo B 553 337 890 842 603 1 445 (38,4) (31,8)Liberia (55) (5) (60) 123 34 157 (138,2) (141,4)Benin 486 169 655 624 414 1 038 (36,9) (29,1)

MENA 1 848 1 954 3 802 2 359 2 298 4 657 (18,4) (0,2)Syria 248 353 601 305 384 689 (12,8) 3,9 Sudan 750 842 1 592 829 642 1 471 8,2 39,4 Yemen 454 326 780 675 684 1 359 (42,6) (27,3)Afghanistan 127 107 234 270 326 596 (60,7) (57,0)Cyprus 269 326 595 280 262 542 9,8 17,5

Joint ventures Iran 2 860 3 021 5 881 3 139 3 315 6 454 (8,9) 7,5 Botswana 232 304 536 287 307 594 (9,8) (6,2)Swaziland 98 83 181 94 101 195 (7,2) (7,2)Equity accounting exclusion (3 190) (3 408) (6 598) (3 520) (3 723) (7 243) – –

Head office companies and eliminations (416) (33) (449) (815) (914) (1 729) – –

Total 21 179 23 114 44 293 29 273 22 708 51 981 (14,8) 2,5

Hyperinflation (2 810) (138) (2 948) 90 156 246 – – Tower profit 6 030 14 6 044 18 13 31 – – Regulatory fine – – – (10 499) – (10 499) – – Zakhele Futhi share-based payment – (434) (434) – (1 008) (1 008) – –

Total including hyperinflation, tower profit, regulatory fine and MTN Zakhele Futhi 24 399 22 556 46 955 18 882 21 869 40 751 15,2 39,2



Data sheets

EBITDA EXCLUDING HYPERINFLATION, TOWER PROFITS, NIGERIA REGULATORY FINE AND ZAKHELE FUTHI (Rm)


%

Constant currency

%


Nigeria 6 906 7 135 14 041 14 421 7 433 21 854 (35,8) (6,6)

SEAGHA 2 984 3 851 6 835 3 238 3 503 6 741 1,4 17,4 Ghana 1 786 2 330 4 116 2 004 2 180 4 184 (1,6) 19,4 Uganda 830 964 1 794 842 778 1 620 10,7 27,8 Rwanda 56 69 125 213 204 417 (70,0) (62,8)Zambia 343 535 878 456 420 876 0,2 1,7 South Sudan (28) (36) (64) (296) (83) (379) (83,1) (52,5)Business Group (3) (11) (14) 19 4 23 (160,9) (169,6)

WECA 3 148 2 188 5 336 4 149 2 858 7 007 (23,8) (16,4)Cameroon 808 496 1 304 1 218 847 2 065 (36,9) (30,1)Ivory Coast 1 276 1 071 2 347 1 349 984 2 333 0,6 9,1 Bissau 86 75 161 70 68 138 16,7 26,1 Conakry (6) 45 39 (77) (92) (169) (123,1) (123,7)Congo B 553 337 890 842 603 1 445 (38,4) (31,8)Liberia (55) (5) (60) 123 34 157 (138,2) (141,4)Benin 486 169 655 624 414 1 038 (36,9) (29,1)

MENA 1 848 1 954 3 802 2 359 2 298 4 657 (18,4) (0,2)Syria 248 353 601 305 384 689 (12,8) 3,9 Sudan 750 842 1 592 829 642 1 471 8,2 39,4 Yemen 454 326 780 675 684 1 359 (42,6) (27,3)Afghanistan 127 107 234 270 326 596 (60,7) (57,0)Cyprus 269 326 595 280 262 542 9,8 17,5

Joint ventures Iran 2 860 3 021 5 881 3 139 3 315 6 454 (8,9) 7,5 Botswana 232 304 536 287 307 594 (9,8) (6,2)Swaziland 98 83 181 94 101 195 (7,2) (7,2)Equity accounting exclusion (3 190) (3 408) (6 598) (3 520) (3 723) (7 243) – –

Head office companies and eliminations (416) (33) (449) (815) (914) (1 729) – –

Total 21 179 23 114 44 293 29 273 22 708 51 981 (14,8) 2,5

Hyperinflation (2 810) (138) (2 948) 90 156 246 – – Tower profit 6 030 14 6 044 18 13 31 – – Regulatory fine – – – (10 499) – (10 499) – – Zakhele Futhi share-based payment – (434) (434) – (1 008) (1 008) – –

Total including hyperinflation, tower profit, regulatory fine and MTN Zakhele Futhi 24 399 22 556 46 955 18 882 21 869 40 751 15,2 39,2





REVENUE (EXCLUDING HYPERINFLATION) AND EBITDA (EXCLUDING HYPERINFLATION, TOWER PROFITS, NIGERIA REGULATORY FINE AND ZAKHELE FUTHI)Local currency (m)

Revenue EBITDA

Country 2017 2016Change

% 2017 2016Change

%

South Africa (opco) 42 542 41 303 3,0 14 728 13 451 9,5

Nigeria 885 440 793 673 11,6 345 565 380 682 (9,2)

SEAGHAGhana 3 420 2 773 23,3 1 351 1 133 19,2

Uganda 1 404 043 1 275 476 10,1 484 750 376 619 28,7

Rwanda 84 576 77 581 9,0 7 701 22 170 (65,3)

Zambia 1 939 1 904 1,8 626 615 1,8

South Sudan 2 425 1 083 123,9 (579) (990) (41,5)

Business Group 206 234 (12,0) (14) 24 (158,3)

WECACameroon 234 651 251 661 (6,8) 57 439 83 047 (30,8)

Ivory Coast 325 078 293 236 10,9 103 088 94 611 9,0

Bissau 21 450 19 466 10,2 7 059 5 658 24,8

Conakry 634 327 631 715 0,4 26 248 (105 995) (124,8)

Congo B 115 125 137 138 (16,1) 39 241 58 240 (32,6)

Liberia 48 67 (28,4) (5) 10 (150,0)

Benin 152 315 163 392 (6,8) 29 435 41 691 (29,4)

MENASyria 76 072 67 641 12,5 22 692 22 334 1,6

Sudan 2 441 1 945 25,5 843 626 34,7

Yemen 51 269 56 297 (8,9) 15 994 21 979 (27,2)

Afghanistan 9 562 10 723 (10,8) 1 191 2 778 (57,1)

Cyprus 123 112 9,8 39 33 18,2

Joint venturesIran (49%) 41 175 212 34 947 600 17,8 14 661 558 13 682 776 7,2

Botswana (53,1%) 821 747 9,9 477 467 2,1

Swaziland (30%) 371 363 2,2 181 195 (7,2)



Data sheets

REVENUE (EXCLUDING HYPERINFLATION) AND EBITDA (EXCLUDING HYPERINFLATION, TOWER PROFITS, NIGERIA REGULATORY FINE AND ZAKHELE FUTHI)Local currency (m)

Revenue EBITDA

Country 2017 2016Change

% 2017 2016Change

%

South Africa (opco) 42 542 41 303 3,0 14 728 13 451 9,5

Nigeria 885 440 793 673 11,6 345 565 380 682 (9,2)

SEAGHAGhana 3 420 2 773 23,3 1 351 1 133 19,2

Uganda 1 404 043 1 275 476 10,1 484 750 376 619 28,7

Rwanda 84 576 77 581 9,0 7 701 22 170 (65,3)

Zambia 1 939 1 904 1,8 626 615 1,8

South Sudan 2 425 1 083 123,9 (579) (990) (41,5)

Business Group 206 234 (12,0) (14) 24 (158,3)

WECACameroon 234 651 251 661 (6,8) 57 439 83 047 (30,8)

Ivory Coast 325 078 293 236 10,9 103 088 94 611 9,0

Bissau 21 450 19 466 10,2 7 059 5 658 24,8

Conakry 634 327 631 715 0,4 26 248 (105 995) (124,8)

Congo B 115 125 137 138 (16,1) 39 241 58 240 (32,6)

Liberia 48 67 (28,4) (5) 10 (150,0)

Benin 152 315 163 392 (6,8) 29 435 41 691 (29,4)

MENASyria 76 072 67 641 12,5 22 692 22 334 1,6

Sudan 2 441 1 945 25,5 843 626 34,7

Yemen 51 269 56 297 (8,9) 15 994 21 979 (27,2)

Afghanistan 9 562 10 723 (10,8) 1 191 2 778 (57,1)

Cyprus 123 112 9,8 39 33 18,2

Joint venturesIran (49%) 41 175 212 34 947 600 17,8 14 661 558 13 682 776 7,2

Botswana (53,1%) 821 747 9,9 477 467 2,1

Swaziland (30%) 371 363 2,2 181 195 (7,2)





COST(Rm)


%

Constant currency

%

South Africa (opco) 13 420 14 394 27 814 13 665 14 187 27 852 (0,1) (0,1)

Nigeria 11 131 10 833 21 964 14 520 10 747 25 267 (13,1) 27,0

SEAGHA 6 493 6 806 13 299 7 242 6 526 13 768 (3,4) 17,3

Ghana 3 078 3 188 6 266 3 161 2 946 6 107 2,6 26,0

Uganda 1 677 1 722 3 399 1 962 1 883 3 845 (11,6) 2,5

Rwanda 605 629 1 234 562 484 1 046 18,0 37,3

Zambia 876 960 1 836 952 880 1 832 0,2 1,9

South Sudan 151 193 344 506 221 727 (52,7) 33,8

Business Group 106 114 220 99 112 211 4,3 10,4

WECA 7 260 8 357 15 617 8 092 8 143 16 235 (3,8) 3,1

Cameroon 1 801 2 268 4 069 1 984 2 140 4 124 (1,3) 5,2

Ivory Coast 2 363 2 711 5 074 2 402 2 441 4 843 4,8 11,9

Bissau 160 169 329 176 162 338 (2,7) 4,1

Conakry 464 428 892 604 597 1 201 (25,7) (16,9)

Congo B 817 923 1 740 973 964 1 937 (10,2) (3,8)

Liberia 389 309 698 401 417 818 (14,7) (6,2)

Benin 1 266 1 549 2 815 1 552 1 422 2 974 (5,3) 0,8

MENA 4 450 4 466 8 916 5 043 4 587 9 630 (7,4) 11,2

Syria 704 702 1 406 763 671 1 434 (2,0) 20,1

Sudan 1 522 1 427 2 949 1 516 1 598 3 114 (5,3) 18,4

Yemen 888 766 1 654 1 230 869 2 099 (21,2) 2,5

Afghanistan 783 855 1 638 934 782 1 716 (4,5) 4,9

Cyprus 553 716 1 269 600 667 1 267 0,2 6,3

Joint venturesIran 5 010 5 612 10 622 5 185 4 896 10 081 5,4 24,3

Botswana 306 214 520 231 180 411 26,5 32,6

Swaziland 90 100 190 80 88 168 13,1 13,1

Equity accounting exclusion (5 406) (5 926) (11 332) (5 496) (5 164) (10 660) – –

Head office companies and eliminations 442 514 956 1 391 1 074 2 465 – –

Total 43 196 45 370 88 566 49 953 45 264 95 217 (7,0) 9,5

Hyperinflation 2 881 570 3 451 148 632 780 – –

Regulatory Fine – – – 10 499 – 10 499 – –

Zakhele Futhi share-based payment – 434 434 – 1 008 1 008 – –

Total reported 46 077 46 374 92 451 60 600 46 904 107 504 (14,0) 0,1



Data sheets

COST(Rm)


%

Constant currency

%

South Africa (opco) 13 420 14 394 27 814 13 665 14 187 27 852 (0,1) (0,1)

Nigeria 11 131 10 833 21 964 14 520 10 747 25 267 (13,1) 27,0

SEAGHA 6 493 6 806 13 299 7 242 6 526 13 768 (3,4) 17,3

Ghana 3 078 3 188 6 266 3 161 2 946 6 107 2,6 26,0

Uganda 1 677 1 722 3 399 1 962 1 883 3 845 (11,6) 2,5

Rwanda 605 629 1 234 562 484 1 046 18,0 37,3

Zambia 876 960 1 836 952 880 1 832 0,2 1,9

South Sudan 151 193 344 506 221 727 (52,7) 33,8

Business Group 106 114 220 99 112 211 4,3 10,4

WECA 7 260 8 357 15 617 8 092 8 143 16 235 (3,8) 3,1

Cameroon 1 801 2 268 4 069 1 984 2 140 4 124 (1,3) 5,2

Ivory Coast 2 363 2 711 5 074 2 402 2 441 4 843 4,8 11,9

Bissau 160 169 329 176 162 338 (2,7) 4,1

Conakry 464 428 892 604 597 1 201 (25,7) (16,9)

Congo B 817 923 1 740 973 964 1 937 (10,2) (3,8)

Liberia 389 309 698 401 417 818 (14,7) (6,2)

Benin 1 266 1 549 2 815 1 552 1 422 2 974 (5,3) 0,8

MENA 4 450 4 466 8 916 5 043 4 587 9 630 (7,4) 11,2

Syria 704 702 1 406 763 671 1 434 (2,0) 20,1

Sudan 1 522 1 427 2 949 1 516 1 598 3 114 (5,3) 18,4

Yemen 888 766 1 654 1 230 869 2 099 (21,2) 2,5

Afghanistan 783 855 1 638 934 782 1 716 (4,5) 4,9

Cyprus 553 716 1 269 600 667 1 267 0,2 6,3

Joint venturesIran 5 010 5 612 10 622 5 185 4 896 10 081 5,4 24,3

Botswana 306 214 520 231 180 411 26,5 32,6

Swaziland 90 100 190 80 88 168 13,1 13,1

Equity accounting exclusion (5 406) (5 926) (11 332) (5 496) (5 164) (10 660) – –

Head office companies and eliminations 442 514 956 1 391 1 074 2 465 – –

Total 43 196 45 370 88 566 49 953 45 264 95 217 (7,0) 9,5

Hyperinflation 2 881 570 3 451 148 632 780 – –

Regulatory Fine – – – 10 499 – 10 499 – –

Zakhele Futhi share-based payment – 434 434 – 1 008 1 008 – –

Total reported 46 077 46 374 92 451 60 600 46 904 107 504 (14,0) 0,1





COST BREAKDOWN(Rm)


%

Constantcurrency

%

South Africa (opco)Handsets and other accessories 4 149 4 682 8 831 4 794 4 900 9 694 (8,9) (8,9)

Interconnect 1 232 1 219 2 451 1 415 1 356 2 771 (11,5) (11,5)

Roaming 160 119 279 177 153 330 (15,5) (15,5)

Commissions 1 111 1 263 2 374 815 1 114 1 929 23,1 23,1

Government and regulatory costs 74 121 195 108 34 142 37,3 37,3

VAS/Digital revenue share 369 262 631 234 305 539 17,1 17,1

Service provider discount 845 878 1 723 984 944 1 928 (10,6) (10,6)

Network 2 088 2 163 4 251 1 862 1 860 3 722 14,2 14,2

Marketing 506 599 1 105 341 692 1 033 7,0 7,0

Staff costs 1 005 1 176 2 181 1 158 1 119 2 277 (4,2) (4,2)

Other OPEX 1 881 1 912 3 793 1 777 1 710 3 487 8,8 8,8

Cost 13 420 14 394 27 814 13 665 14 187 27 852 (0,1) (0,1)

Nigeria◊

Handsets and other accessories 112 70 182 272 272 544 (66,5) (48,5)

Interconnect 1 749 1 676 3 425 2 659 1 810 4 469 (23,4) 12,2

Roaming 58 52 110 82 46 128 (14,1) 26,6

Commissions 944 882 1 826 1 507 1 071 2 578 (29,2) 4,0

Government and regulatory costs 503 497 1 000 682 495 1 177 (15,0) 23,6

VAS/Digital revenue share 667 498 1 165 1 119 880 1 999 (41,7) (12,2)

Service provider disc – – – – – – –

Network 5 412 5 155 10 567 5 288 4 105 9 393 12,5 64,8

Marketing 298 321 619 685 375 1 060 (41,6) (15,9)

Staff costs 544 545 1 089 832 706 1 538 (29,2) 2,9

Other OPEX 844 1 137 1 981 1 394 987 2 381 (16,8) 16,9

Cost 11 131 10 833 21 964 14 520 10 747 25 267 (13,1) 27,0 ◊ Excluding the regulatory fine


Data sheets

COST BREAKDOWN(Rm)


%

Constantcurrency

%

South Africa (opco)Handsets and other accessories 4 149 4 682 8 831 4 794 4 900 9 694 (8,9) (8,9)

Interconnect 1 232 1 219 2 451 1 415 1 356 2 771 (11,5) (11,5)

Roaming 160 119 279 177 153 330 (15,5) (15,5)

Commissions 1 111 1 263 2 374 815 1 114 1 929 23,1 23,1



Service provider discount 845 878 1 723 984 944 1 928 (10,6) (10,6)

Network 2 088 2 163 4 251 1 862 1 860 3 722 14,2 14,2

Marketing 506 599 1 105 341 692 1 033 7,0 7,0

Staff costs 1 005 1 176 2 181 1 158 1 119 2 277 (4,2) (4,2)

Other OPEX 1 881 1 912 3 793 1 777 1 710 3 487 8,8 8,8

Cost 13 420 14 394 27 814 13 665 14 187 27 852 (0,1) (0,1)

Nigeria◊

Handsets and other accessories 112 70 182 272 272 544 (66,5) (48,5)

Interconnect 1 749 1 676 3 425 2 659 1 810 4 469 (23,4) 12,2

Roaming 58 52 110 82 46 128 (14,1) 26,6

Commissions 944 882 1 826 1 507 1 071 2 578 (29,2) 4,0

Government and regulatory costs 503 497 1 000 682 495 1 177 (15,0) 23,6

VAS/Digital revenue share 667 498 1 165 1 119 880 1 999 (41,7) (12,2)

Service provider disc – – – – – – –

Network 5 412 5 155 10 567 5 288 4 105 9 393 12,5 64,8

Marketing 298 321 619 685 375 1 060 (41,6) (15,9)

Staff costs 544 545 1 089 832 706 1 538 (29,2) 2,9

Other OPEX 844 1 137 1 981 1 394 987 2 381 (16,8) 16,9

Cost 11 131 10 833 21 964 14 520 10 747 25 267 (13,1) 27,0 ◊ Excluding the regulatory fine




COST BREAKDOWN(Rm)


%

Constantcurrency

%

GhanaHandsets and other accessories 109 174 283 140 119 259 9,3 33,2

Interconnect 469 482 951 535 500 1 035 (8,1) 12,7

Roaming 28 36 64 40 33 73 (12,3) 5,5

Commissions 578 658 1 236 346 767 1 113 11,1 35,8


VAS/Digital revenue share 205 185 390 448 8 456 (14,5) 5,5

Service provider discount – – – – – – – –

Network 1 035 972 2 007 1 000 899 1 899 5,7 30,3

Marketing 93 135 228 87 128 215 6,0 28,4

Staff costs 239 247 486 246 242 488 (0,4) 21,9

Other OPEX 197 138 335 205 147 352 (4,8) 19,6

Cost 3 078 3 188 6 266 3 161 2 946 6 107 2,6 26,0

UgandaHandsets and other accessories 85 36 121 114 71 185 (34,6) (21,1)

Interconnect 142 140 282 197 155 352 (19,9) (6,8)

Roaming 15 7 22 22 19 41 (46,3) (36,6)

Commissions 456 483 939 457 522 979 (4,1) 10,9

Government and regulatory costs 36 38 74 92 (10) 82 (9,8) 4,9

VAS/Digital revenue share 24 23 47 – 76 76 (38,2) (28,9)


Network 495 532 1 027 565 564 1 129 (9,0) 5,9

Marketing 34 82 116 86 84 170 (31,8) (23,5)

Staff costs 140 152 292 162 133 295 (1,0) 14,2

Other OPEX 250 229 479 267 269 536 (10,6) 2,8

Cost 1 677 1 722 3 399 1 962 1 883 3 845 (11,6) 2,5


Data sheets

COST BREAKDOWN(Rm)


%

Constantcurrency

%

GhanaHandsets and other accessories 109 174 283 140 119 259 9,3 33,2

Interconnect 469 482 951 535 500 1 035 (8,1) 12,7

Roaming 28 36 64 40 33 73 (12,3) 5,5

Commissions 578 658 1 236 346 767 1 113 11,1 35,8




Network 1 035 972 2 007 1 000 899 1 899 5,7 30,3

Marketing 93 135 228 87 128 215 6,0 28,4

Staff costs 239 247 486 246 242 488 (0,4) 21,9

Other OPEX 197 138 335 205 147 352 (4,8) 19,6

Cost 3 078 3 188 6 266 3 161 2 946 6 107 2,6 26,0

UgandaHandsets and other accessories 85 36 121 114 71 185 (34,6) (21,1)

Interconnect 142 140 282 197 155 352 (19,9) (6,8)

Roaming 15 7 22 22 19 41 (46,3) (36,6)

Commissions 456 483 939 457 522 979 (4,1) 10,9

Government and regulatory costs 36 38 74 92 (10) 82 (9,8) 4,9

VAS/Digital revenue share 24 23 47 – 76 76 (38,2) (28,9)


Network 495 532 1 027 565 564 1 129 (9,0) 5,9

Marketing 34 82 116 86 84 170 (31,8) (23,5)

Staff costs 140 152 292 162 133 295 (1,0) 14,2

Other OPEX 250 229 479 267 269 536 (10,6) 2,8

Cost 1 677 1 722 3 399 1 962 1 883 3 845 (11,6) 2,5




COST BREAKDOWN(Rm)


%

Constantcurrency

%

CameroonHandsets and other accessories 156 178 334 104 257 361 (7,5) (0,8)

Interconnect 226 252 478 215 244 459 4,1 11,8

Roaming 9 10 19 13 10 23 (17,4) (13,0)

Commissions 193 222 415 229 162 391 6,1 13,8


VAS/Digital revenue share 31 41 72 42 58 100 (28,0) (23,0)

Service provider discount 1 4 5 – – – – –

Network 541 607 1 148 597 549 1 146 0,2 7,4

Marketing 66 116 182 112 110 222 (18,0) (14,0)

Staff costs 237 333 570 245 246 491 16,1 23,2

Other OPEX 173 297 470 260 329 589 (20,2) (16,1)

Cost 1 801 2 268 4 069 1 984 2 140 4 124 (1,3) 5,2

Ivory CoastHandsets and other accessories 67 107 174 85 77 162 7,4 13,0

Interconnect 366 495 861 487 415 902 (4,5) 1,1

Roaming 17 22 39 13 16 29 34,5 44,8

Commissions 316 306 622 292 323 615 1,1 8,9




Network 500 497 997 440 450 890 12,0 20,9

Marketing 102 139 241 95 134 229 5,2 11,4

Staff costs 270 362 632 249 253 502 25,9 32,7

Other OPEX 293 345 638 318 351 669 (4,6) 1,5

Cost 2 363 2 711 5 074 2 402 2 441 4 843 4,8 11,9


Data sheets

COST BREAKDOWN(Rm)


%

Constantcurrency

%

CameroonHandsets and other accessories 156 178 334 104 257 361 (7,5) (0,8)

Interconnect 226 252 478 215 244 459 4,1 11,8

Roaming 9 10 19 13 10 23 (17,4) (13,0)

Commissions 193 222 415 229 162 391 6,1 13,8


VAS/Digital revenue share 31 41 72 42 58 100 (28,0) (23,0)

Service provider discount 1 4 5 – – – – –

Network 541 607 1 148 597 549 1 146 0,2 7,4

Marketing 66 116 182 112 110 222 (18,0) (14,0)

Staff costs 237 333 570 245 246 491 16,1 23,2

Other OPEX 173 297 470 260 329 589 (20,2) (16,1)

Cost 1 801 2 268 4 069 1 984 2 140 4 124 (1,3) 5,2

Ivory CoastHandsets and other accessories 67 107 174 85 77 162 7,4 13,0

Interconnect 366 495 861 487 415 902 (4,5) 1,1

Roaming 17 22 39 13 16 29 34,5 44,8

Commissions 316 306 622 292 323 615 1,1 8,9




Network 500 497 997 440 450 890 12,0 20,9

Marketing 102 139 241 95 134 229 5,2 11,4

Staff costs 270 362 632 249 253 502 25,9 32,7

Other OPEX 293 345 638 318 351 669 (4,6) 1,5

Cost 2 363 2 711 5 074 2 402 2 441 4 843 4,8 11,9




COST BREAKDOWN(Rm)


%

Constantcurrency

%

Iran (49%)Handsets and other accessories 161 243 404 99 135 234 72,6 103,0

Interconnect 569 554 1 123 718 665 1 383 (18,8) (3,8)

Roaming 24 34 58 41 33 74 (21,6) (9,5)

Commissions 30 87 117 20 28 48 143,8 183,3

Government and regulatory costs 2 239 2 419 4 658 2 346 2 140 4 486 3,8 22,6


Service provider discount 235 256 491 240 235 475 3,4 22,1

Network 1 114 1 287 2 401 1 063 1 033 2 096 14,6 35,0

Marketing 140 181 321 170 113 283 13,4 33,9

Staff costs 202 231 433 138 219 357 21,3 42,9

Other OPEX 100 107 207 137 120 257 (19,5) (4,7)

Cost 5 010 5 612 10 622 5 185 4 896 10 081 5,4 24,3

Hyperinflation (69) (1) (70) 286 8 294

Cost including hyperinflation 4 941 5 611 10 552 5 471 4 904 10 375 1,7 20,0

SyriaHandsets and other accessories 3 4 7 3 4 7 – 28,6

Interconnect 22 19 41 29 22 51 (19,6) –

Roaming 6 7 13 14 5 19 (31,6) (15,8)

Commissions 17 20 37 20 17 37 – 21,6

Government and regulatory costs 292 325 617 326 325 651 (5,2) 15,1



Network 182 153 335 175 144 319 5,0 30,7

Marketing 10 10 20 10 8 18 11,1 33,3

Staff costs 49 55 104 51 39 90 15,6 40,0

Other OPEX 114 100 214 130 97 227 (5,7) 15,9

Cost 704 702 1 406 763 671 1 434 (2,0) 20,1

Hyperinflation 1 150 466 1 616 62 258 320 –

Cost including hyperinflation 1 854 1 168 3 022 825 929 1 754 72,3 54,7


Data sheets

COST BREAKDOWN(Rm)


%

Constantcurrency

%

Iran (49%)Handsets and other accessories 161 243 404 99 135 234 72,6 103,0

Interconnect 569 554 1 123 718 665 1 383 (18,8) (3,8)

Roaming 24 34 58 41 33 74 (21,6) (9,5)

Commissions 30 87 117 20 28 48 143,8 183,3

Government and regulatory costs 2 239 2 419 4 658 2 346 2 140 4 486 3,8 22,6


Service provider discount 235 256 491 240 235 475 3,4 22,1

Network 1 114 1 287 2 401 1 063 1 033 2 096 14,6 35,0

Marketing 140 181 321 170 113 283 13,4 33,9

Staff costs 202 231 433 138 219 357 21,3 42,9

Other OPEX 100 107 207 137 120 257 (19,5) (4,7)

Cost 5 010 5 612 10 622 5 185 4 896 10 081 5,4 24,3

Hyperinflation (69) (1) (70) 286 8 294


SyriaHandsets and other accessories 3 4 7 3 4 7 – 28,6

Interconnect 22 19 41 29 22 51 (19,6) –

Roaming 6 7 13 14 5 19 (31,6) (15,8)

Commissions 17 20 37 20 17 37 – 21,6

Government and regulatory costs 292 325 617 326 325 651 (5,2) 15,1



Network 182 153 335 175 144 319 5,0 30,7

Marketing 10 10 20 10 8 18 11,1 33,3

Staff costs 49 55 104 51 39 90 15,6 40,0

Other OPEX 114 100 214 130 97 227 (5,7) 15,9

Cost 704 702 1 406 763 671 1 434 (2,0) 20,1

Hyperinflation 1 150 466 1 616 62 258 320 –

Cost including hyperinflation 1 854 1 168 3 022 825 929 1 754 72,3 54,7




COST BREAKDOWN(Rm)


%

Constantcurrency

%

SudanHandsets and other accessories 73 75 148 93 84 177 (16,4) 9,6

Interconnect 207 223 430 253 204 457 (5,9) 22,5

Roaming 7 6 13 6 6 12 8,3 50,0

Commissions 183 196 379 171 155 326 16,3 45,1

Government and regulatory costs 81 73 154 113 83 196 (21,4) (2,6)


Service provider disc – – – – – – – –

Network 515 437 952 470 471 941 1,2 25,2

Marketing 65 56 121 80 66 146 (17,1) 1,4

Staff costs 128 123 251 110 121 231 8,7 35,9

Other OPEX 220 196 416 184 373 557 (25,3) (8,8)

Cost 1 522 1 427 2 949 1 516 1 598 3 114 (5,3) 18,4

Hyperinflation 1 690 3 1 693 85 (4) 81 – –



Data sheets

COST BREAKDOWN(Rm)


%

Constantcurrency

%

SudanHandsets and other accessories 73 75 148 93 84 177 (16,4) 9,6

Interconnect 207 223 430 253 204 457 (5,9) 22,5

Roaming 7 6 13 6 6 12 8,3 50,0

Commissions 183 196 379 171 155 326 16,3 45,1

Government and regulatory costs 81 73 154 113 83 196 (21,4) (2,6)


Service provider disc – – – – – – – –

Network 515 437 952 470 471 941 1,2 25,2

Marketing 65 56 121 80 66 146 (17,1) 1,4

Staff costs 128 123 251 110 121 231 8,7 35,9

Other OPEX 220 196 416 184 373 557 (25,3) (8,8)

Cost 1 522 1 427 2 949 1 516 1 598 3 114 (5,3) 18,4

Hyperinflation 1 690 3 1 693 85 (4) 81 – –





Share-holding

(%)Licence period

Popu-lation

(m)

Mobile Pene-tration

(%)

Market position/

No of operators

Market Share

(%)

Outgoing MOU

(minutes)

Tele-metry

(m)

Data users (‘000)

Active Data

users (‘000)

Smart-phones

(‘000)

MB/Active

User

Rolled-out Q4

2G Sites

Rolled-out Q4

3G Sites

Rolled-out Q4

LTE Sites

Yearly Cumu-

lative 2G Sites

Yearly Cumu-

lative 3G Sites

Yearly Cumu-

lative LTE Sites

South Africa 100 20 57 167 2/4 31,18 82 2 614 19 638 12 366 12 726 1 080 407 970 901 1 494 2 230 2 759

Nigeria 79 15 180 72 1/4 42,10 114 36 070 14 144 14 205 976 122 603 157 202 1 520 538

SEAGHAGhana 98 15 29 112 1/9 55,09 206 12 041 6 497 6 963 1 017 62 23 3 345 473 200Uganda 96 20 38 55 1/8 55,92 93 5 895 1 546 1 893 763 57 71 2 123 232 55Rwanda 80 15 12 73 1/3 42,94 121 2 683 585 413 1 110 4 61 0 7 83 0Zambia 98 15 16 77 1/3 47,39 55 3 178 1 381 1 502 732 0 0 0 0 0 50South Sudan 100 20 10 19 2/3 36,35 79 325 207 111 300 0 0 0 0 0 0Botswana (JV) 53 15 2,2 145 1/3 57,00 104 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Swaziland (JV) 30 10 1 98 1/1 88,04 96 665 536 321 187 4 4 34 20 35 35

WECACameroon 80 15 24 68 1/3 53,68 45 4 483 3 226 2 672 884 87 291 181 74 286 155Ivory Coast 67 20 25 136 2/3 33,81 63 7 984 2 641 3 032 802 41 36 0 87 490 245Benin 75 20 12 74 1/4 49,34 42 2 751 1 298 1 268 1 075 19 19 9 57 112 59Conakry 75 18 11 105 2/4 22,57 44 863 453 823 910 7 15 0 17 31 0Congo B 100 15 5 91 1/3 57,56 79 1 026 459 897 776 14 14 30 34 34 71Liberia 60 15 4 80 1/3 49,82 85 456 190 460 1 106 3 4 1 2 2 1Bissau 100 10 2 76 1/3 55,82 51 500 200 232 301 0 0 0 0 0 0

MENAIran (JV) 49 15 82 130 2/4 46,11 70 30 213 18 532 31 939 3 281 360 920 1 108 1 002 2 362 3 988Syria 75 20 18 81 2/2 41,24 47 1 954 1 322 3 846 288 5 141 58 52 181 221Sudan 85 20 39 56 2/3 34,85 158 4 623 2 183 2 659 1 018 221 105 81 18 125 15Yemen 83 15 28 42 1/4 42,57 100 923 599 922 192 5 0 0 11 0 0Afghanistan 100 15 34 49 1/5 39,85 75 1 324 602 1 318 1 633 52 138 15 112 230 15Cyprus 100 20 1 115 2/4 42,21 235 277 181 305 4 248 1 5 94 6 157 204


Data sheets

Share-holding

(%)Licence period

Popu-lation

(m)

Mobile Pene-tration

(%)

Market position/

No of operators

Market Share

(%)

Outgoing MOU

(minutes)

Tele-metry

(m)

Data users (‘000)

Active Data

users (‘000)

Smart-phones

(‘000)

MB/Active

User

Rolled-out Q4

2G Sites

Rolled-out Q4

3G Sites

Rolled-out Q4

LTE Sites

Yearly Cumu-

lative 2G Sites

Yearly Cumu-

lative 3G Sites

Yearly Cumu-

lative LTE Sites

South Africa 100 20 57 167 2/4 31,18 82 2 614 19 638 12 366 12 726 1 080 407 970 901 1 494 2 230 2 759

Nigeria 79 15 180 72 1/4 42,10 114 36 070 14 144 14 205 976 122 603 157 202 1 520 538

SEAGHAGhana 98 15 29 112 1/9 55,09 206 12 041 6 497 6 963 1 017 62 23 3 345 473 200Uganda 96 20 38 55 1/8 55,92 93 5 895 1 546 1 893 763 57 71 2 123 232 55Rwanda 80 15 12 73 1/3 42,94 121 2 683 585 413 1 110 4 61 0 7 83 0Zambia 98 15 16 77 1/3 47,39 55 3 178 1 381 1 502 732 0 0 0 0 0 50South Sudan 100 20 10 19 2/3 36,35 79 325 207 111 300 0 0 0 0 0 0Botswana (JV) 53 15 2,2 145 1/3 57,00 104 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a Swaziland (JV) 30 10 1 98 1/1 88,04 96 665 536 321 187 4 4 34 20 35 35

WECACameroon 80 15 24 68 1/3 53,68 45 4 483 3 226 2 672 884 87 291 181 74 286 155Ivory Coast 67 20 25 136 2/3 33,81 63 7 984 2 641 3 032 802 41 36 0 87 490 245Benin 75 20 12 74 1/4 49,34 42 2 751 1 298 1 268 1 075 19 19 9 57 112 59Conakry 75 18 11 105 2/4 22,57 44 863 453 823 910 7 15 0 17 31 0Congo B 100 15 5 91 1/3 57,56 79 1 026 459 897 776 14 14 30 34 34 71Liberia 60 15 4 80 1/3 49,82 85 456 190 460 1 106 3 4 1 2 2 1Bissau 100 10 2 76 1/3 55,82 51 500 200 232 301 0 0 0 0 0 0

MENAIran (JV) 49 15 82 130 2/4 46,11 70 30 213 18 532 31 939 3 281 360 920 1 108 1 002 2 362 3 988Syria 75 20 18 81 2/2 41,24 47 1 954 1 322 3 846 288 5 141 58 52 181 221Sudan 85 20 39 56 2/3 34,85 158 4 623 2 183 2 659 1 018 221 105 81 18 125 15Yemen 83 15 28 42 1/4 42,57 100 923 599 922 192 5 0 0 11 0 0Afghanistan 100 15 34 49 1/5 39,85 75 1 324 602 1 318 1 633 52 138 15 112 230 15Cyprus 100 20 1 115 2/4 42,21 235 277 181 305 4 248 1 5 94 6 157 204


Administration

Registration number: 1994/009584/06ISIN: ZAE000042164Share code: MTN

Board of directorsPF Nhleko2

RA Shuter#1

RT Mupita1

PB Hanratty$3

A Harper#3

KP Kalyan3

S Kheradpir††3

NP Mageza3

MLD Marole3

AT Mikati†2

SP Miller^3

KC Ramon3

NL Sowazi3

J van Rooyen3

†† American† Lebanese# British$ Irish^ Belgian1 Executive2 Non-executive3 Independent non-executive director

Group secretarySB MtshaliPrivate Bag X9955, Cresta, 2118

Registered office216 – 14th Avenue, Fairland, 2195

American depository receipt (ADR) programmeCusip No. 62474M108 ADR to ordinary Share 1:1

DepositoryThe Bank of New York101 Barclay Street, New York NY. 10286, USA

MTN Group sharecare lineToll free: 0800 202 360 or +27 11 870 8206 if phoning from outside South Africa

Office of the transfer secretariesComputershare Investor Services Proprietary LimitedRegistration number 2004/003647/07Rosebank Towers, 15 Biermann Avenue, Rosebank, 2196PO Box 61051, Marshalltown, 2107

Joint auditorsPricewaterhouseCoopers Inc.4 Lisbon Lane,Waterfall City, Jukskei view, 2090

SizweNtsalubaGobodo Inc.20 Morris Street EastWoodmead, 2157PO Box 2939, Saxonwold, 2132

SponsorDeutsche Securities (SA) Proprietary Limited3 Exchange Square, 87 Maude Street, Sandton, 2196

AttorneysWebber Wentzel90 Rivonia Road, Sandton, 2196PO Box 61771, Marshalltown, 2107

Contact detailsTelephone: National 083 912 3000 and

083 869 3000 International +27 83 912 3000

Facsimile: National (011) 912 4093 International +27 11 912 4093

E-mail: [email protected]: http://www.mtn.com

Notes to the annual financial statements


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W MTN Group Limited · Results presentation for the year ended 31 December 2017. 1 Results...

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Transcript of W MTN Group Limited · Results presentation for the year ended 31 December 2017. 1 Results...