MTN Cuts Subscriber Target as Iran Customer Numbers Fall
This article is for subscribers only.
MTN Group Ltd., Africa’s largest wireless operator, cut its full-year target for new subscribers as regulations limited growth and customer numbers fell in Iran.
The company reduced its goal for net additional subscribers in 2013 by 9 percent to 19.1 million, Nik Kershaw, head of investor relations, said by phone today. MTN Irancell’s customer base contracted 1.7 percent to 41.3 million because of a weakening economy in the Middle East country and the withdrawal of a sim card promotion, he said.