Mtn Performance in West Africa

Group chief operating officer’s report continued

for the year ended 31 December 2009

West and Central Africa region

MTN’s West and Central Africa region encompasses nine countries; Nigeria, Ghana, Cameroon, Côte d’lvoire, Benin, Congo-Brazzaville, Guinea-Bissau, Guinea Conakry and Liberia. The WECA regional office is in Accra.

Population (million) Total for region Contribution to Group total*

* Difference in head office.

Subscribers (000) 52 859 45%

Revenue (Rm) 50 543 45,2%

EBITDA (Rm) 27 029 58,7%

Capex (Rm) 16 518 53%

222,0 43%

Country contributions to WECA region total

Subscriber contributions (%)

n Nigeria – 58% n Ghana – 15% n Cameroon – 8% n Côte d’Ivoire – 8% n Benin – 3% n Guinea Conakry – 3% n Congo-Brazzaville – 3% n Liberia – 1% n Guinea-Bissau – 1%

Capex (%)

n Nigeria – 62% n Ghana – 16% n Rest of region – 22%

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MTN Integrated Business Report ⁄ 31 December 2009 ⁄ Operational review

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MTN Integrated Business Report ⁄ 31 December 2009 ⁄ Operational review

Sustainability review

Operational review Operational review

Business review

Group overview

Group chief operating officer’s report continued

for the year ended 31 December 2009

West and Central Africa region continued

Performance

Most MTN operations in the WECA region consolidated their positions in increasingly competitive markets for mobile communications in 2009. The Group’s significant investment in upgrading the networks in West and Central Africa in the past two years paid off, bolstering MTN’s value proposition in terms of both coverage and capacity. This, along with a revamp of the regional distribution framework and a proactive approach to competitive pressures, ensured that MTN’s operations in WECA were insulated somewhat against the effects of the world economic slowdown. This was particularly true of MTN operations in Nigeria, Ghana and Cameroon. However, consumer spending did suffer in those smaller markets that...