MTN Uganda announced audited earnings results for the year ended December 31, 2014. The company increased its subscriber base by 18.0% to 10.4 million, driven by bundled voice products, improved 3G coverage and increased take up of MTN Mobile Money. Total revenue increased by 6.8%, supported by a 36.6% increase in data revenue.

By year end, data contributed 24.7% to total revenue. MTN Mobile Money continued to perform well and recorded a 40.9% increase in registered subscribers to 7.3 million. Usage was stimulated by a wider mobile payment product range and a new enhanced technology platform.

The company's EBITDA margin increased by 3.3% points to 39.2% due to strong cost control. Capex in the year amounted to ZAR 667 million, with 157 new 2G sites and 140 co-located 3G sites rolled out, improving quality and capacity on the network.