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MTN Group Limited Quarterly update for the period ended 30 September 2021 1 MTN Group Limited ( Incorporated in the Republic of South Africa ) ( Registration number 1994/009584/06 ) ( Share code MTN ) ( ISIN : ZAE000042164 ) ( MTN Group or MTN or the Group ) Quarterly update for the period ended 30 September 2021 MTN is a pan - African mobile operator with the strategic intent of ' Leading digital solutions for Africa's progress ' . We have 272 million customers in 20 markets and are inspired by our belief that everyone deserves the benefits of a modern connected life . Salient features ■ Group service revenue up by 19.1 % • Group data revenue up by 34.5 % • Group fintech revenue up by 35.0 % ■ Group earnings before interest , tax , depreciation and amortisation ( EBITDA ) up by 24.1 % ■ Group EBITDA margin improved to 45.0 % ( from 42.9 % ) ■ MTN South Africa service revenue up by 7.7 % , with an EBITDA margin of 41.6 % ( from 39.3 % ) ■ MTN Nigeria service revenue up by 23.5 % , with an EBITDA margin of 52.6 % ( from 51.1 % ) ■ Subscribers increased by 0.2 million to 271.9 million , impacted by new SIM registration regulations in Nigeria ( ex - Nigeria subscribers were up 1.6 million ) ■ Active data subscribers increased by 4.1 million to 119.0 million ■ Active MTN Mobile Money ( MoMo ) customers increased by 2.2million to 51.1 million ■ MoMo value of transactions up by 67.2 % YoY to US $ 175.5 billion Unless otherwise stated , financial growth rates are presented on a constant currency basis and are year - on - year ( YoY , 9M to September 2021 vs 9M to September 2020 ) . Non - financial growth rates are presented as quarter - on - quarter ( QoQ , 3Q 21 vs 2Q 21 ) . To enable like - for - like comparability , all growth rates for non - financials have been restated to exclude MTN Syria , which was deconsolidated from 25 February 2021 . Service revenue excludes device and SIM card revenue . Data revenue is mobile and fixed access data and excludes roaming and wholesale . Fintech includes MoMo , insurance , airtime lending and e - commerce . Active data users is a count of all subscribers at a point in time which had a revenue generating event in the specified period of time ( 90 days ) prior to that point in time and also during the past 30 days had data usage greater than or equal to 5 megabytes . MoMo users are 30 - day active users .