MTN releases mixed bag for quarterlies

South Africa-based telco MTN has released its quarterly figures, and while it is not a complete disaster, things could certainly have gone better.
Total subscribers were down across the group by 0.7%, group total revenues and group service revenue reduced by 13.4% and 14% respectively, which has been blamed on fluctuations in currency exchange rates. On a constant currency basis, revenues were up quite considerably, but such an argument always reminds us of the humorous phrase ‘if my grand