According to its third quarter 2007 results, MTN Group serves 54.1 million people in 21 countries, making it the largest operator in Africa and the Middle East, with over 64,000 new customers a day. September figures show that the number of MTN's subscribers jumped 12% since June.

MTN's South African network is the cornerstone of its activities, with subscribers rising 3% to 14 million. Nigeria is MTN's other cash cow, with 14.9 million customers each spending an average of $17 a month. That represents a 7% increase in customers, as well as a healthy 4% rise in their spending. MTN is investing heavily in improving infrastructure in Nigeria to cope with the growing demand.

MTN's Middle East and North Africa region saw 36% growth in customers, with its new Iranian network winning 1.7 million more users. Irancell serves 3.7 million people, each spending an average of $11 a month.

For further information, see Issue 378 of Balancing Act Africa here and the Session One background paper prepared for the Connect Africa Summit.