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Press Box

MTN revises Call Rates

Release date:7/13/2009
Kampala, Uganda: Telecom giant MTN Uganda has increased call rates citing increasing operating cost pressures.
Speaking from MTN Towers, Chief Executive Officer, Mr. Themba Khumalo said “The last time we increased tariffs was in 2003.Since then, our input costs have increased significantly driven by increases in fuel costs, electricity tariffs and devaluation of the shilling. A relief from excise duty in the 2009/2010 budget could have eased cost pressures. Although we have made progress in increasing efficiencies, the benefits of these initiatives have been negated by cost drivers outside MTN’s control.  The weighted average increase is at 9% well below the prevailing inflation rate in the country.”
“In spite of the increases, MTN continues to offer the best value for money in the Market through MTN Zone and other innovative products. With up to 99% savings on calls to other MTN customers which accounts for 7 out of every 10 calls made in Uganda, MTN remains the better choice” Khumalo explained.
The new call rates come at a time of globally increasing costs which have impacted all industries as well as the economy.
About the MTN GROUP
Launched in 1994, the MTN Group is a multinational telecommunications group, operating in 21 countries in Africa, Asia and the Middle East. The MTN Group is listed on the JSE Securities Exchange in South Africa under the share code: "MTN". As at 30 September 2009, MTN recorded 108,4 million subscribers across its operations in Afghanistan, Benin, Botswana, Cameroon, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia. The MTN Group is a global sponsor of the 2010 FIFA World Cup South Africa™ and has exclusive mobile content rights for Africa and the Middle East. Please visit www.mtn.com andwww.mtnfootball.com