MTN Rwandacell Company Overview

Attractive Return Profile | Revenue growth profile (FRw bn) Source: Note Voice ■Mobile Data MFS Other Revenue 125 21 103 20 23 16 20 14 62 32 53 CAGR 2018-20 21.6% 522 152 5.8% 31 (Frw bn) Understanding Revenue Growth 2019 125 37.2% 1 Voice 11 14 22 27 37.5% Mobile Data 7 73 17.4% 2018 2019 2020 Revenue Mix (%) Voice 51% 49% 48% Mobile Data 14% 16% 18% MFS 16% Other Revenue 19% Company information 18% 20% 17% 14% (1) Other revenue comprises of Enterprise & Wholesale, Interconnect, SMS, Digital and Roaming 36 MFS Other Revenue 2020 152 |0 8 MTN

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