MTN Group’s service revenue grew by more than 17% at constant exchange rates in the first nine months of 2026, driven by a recovery in Nigeria and sustained strong performance in Ghana, the South African telecoms operator announced on Monday, 9 November.

Africa’s largest telecommunications company recorded service revenue of $10.68 billion for the period ended 30 September.

In the third quarter alone, service revenue rose 16.6%, according to data released by the group.

In the financial technology segment, MTN expects full-year 2026 revenue growth to fall below its medium-term target range, following disruptions to its Airtime Advance business.

The group has also been exploring the acquisition of banking licences in selected markets, with the aim of expanding credit provision using its own balance sheet resources.