Ambition 2025 | Framing our strategic position

Capex: strategic investment in network and IT systems to ensure future relevance MTN Capex breakdown · Core capex intensity Core capex (GHSM) 24.7% Other capex Core network Transmissions 3% 10% 3% 21.2% IT Systems 6% 991 1,527 H1 2022 H1 2023 79% Radio & Infrastructure 19.9% H1 2022 Core network Other Capex Transmissions 4% 5% 12% IT Systems 14% 65% H1 2023 Radio & Infrastructure 16.3% Technology 2G H1 2022 H1 2023 255 156 Site rollout 3G 255 159 1,972 4G 935 156 1,263 FY 2021 FY 2022 2G 99.3% Population 99.5% coverage 3G 97.0% 99.4% 4G 90.6% 99.3% Capex intensity = Capex/ Total revenue * Other Capex consists mainly of Facility projects, Maintenance and Operations. ^ Core Capex intensity of 24.7% represents core capex and excludes Intangibles and ROU additions Total capex consists of Core capex spend of GHS998 m, intangibles of CHS537.5 m and RoU assets of GHS704.2 m. Core capex excluding spectrum license cost was GHS1.1 billion with a capex intensity of 17.1%. 26

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