WHERE TO INVEST: MTN rides African tailwinds and smartphone penetration (opens original article in a new tab)

MTN highlights Africa's growing smartphone penetration and strategic restructuring into connectivity, fintech, and infrastructure, with projections of declining voice revenue and rising data revenue.

• MTN expects smartphone penetration in Africa to increase from 53% in 2025 to 84% in 2030.
• MTN is restructuring into three platforms: connectivity, fintech, and infrastructure, with potential separate listings.
• Voice revenue is projected to drop from 29% in 2025 to less than 15% in 2030, while data revenue is expected to rise to 55% by 2030.