MTN Rwandacell Company Overview
Conclusion
Key take-aways
Very strong operational and financial results solidified over the years
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16% growth in mobile users and 20% growth in revenue in 2020
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EBITDA margin of 49%
Solid market leadership position
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62% customer market share
Strong brand, that serves the community
Business resilience under COVID-19 pandemic pressures
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Consistent investments in technology over the years, with US$ 23m invested in 2020
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Network quality & coverage remains key focus in 2021 and beyond
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Largest and Most Valuable Platform Business
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Largest mobile money network with 3.2m users, >30K agents and >60K MoMoPay merchants
Strong potential in Ayoba whose active users exceeded 200K within 8 months of launch
Business Structure transformation
Listing on RSE
Wholly owned FinCo Business
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