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Rwanda Stock Exchange

Last update 30 Sep 2025

MTN Rwandacell PLC · MTNR.RW

Rwanda · Technology · Integrated Telecommunications Services · —

Price history

MTN Rwandacell PLC is a Rwanda-based telecommunications company and a listed subsidiary of the MTN group. The company provides mobile voice, mobile data, messaging, enterprise connectivity, digital services, and mobile financial services to consumer, business, and institutional customers in Rwanda. Its business is built around network coverage, subscriber scale, spectrum access, distribution reach, brand strength, and continued investment in telecom infrastructure and digital platforms. MTN Rwanda's services support everyday communications, mobile internet access, enterprise productivity, digital payments, and the broader shift toward a connected Rwandan economy. Revenue drivers include subscriber growth, data usage, voice and bundle pricing, mobile-money adoption, enterprise solutions, device penetration, and network quality, while costs are shaped by infrastructure investment, regulatory fees, energy, technology platforms, and distribution. The company's listing on the Rwanda Stock Exchange gives domestic investors exposure to a major telecom infrastructure provider with strategic backing from a pan-African operator and direct linkage to Rwanda's digital transformation.

Fundamentals

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Metric  (RWF, B) 2024 2023 2022 2013 2012
Revenue Total Revenue 262
EBITDA 87
EBIT 54
Net income Net Income -6
Operating margin 21%
Net margin -2%