Wednesday, November 28, 2018
Advertisement

MTN Nigeria adds 2.3m customers in three months

MTN Nigeria adds 2.3m customers in three months
May 03
13:25 2018
Advertisement

MTN Nigeria says it added 2.3 million subscribers between January and March 2018 to report a total customer base of 54.5 million.

In a statement released on Thursday by Funso Aina, the company’s PR and protocol manager, it said its strong performance in the first quarter was supported by “growth in data revenue and increased scale.”

It said constant currency (organic) service revenue increased by 14.4 percent and data revenue increased 73.2 percent year-on-year (YoY).

“MTN Nigeria delivered a strong performance for the first quarter of 2018, supported by growth in data revenue and increased scale. We also maintained positive momentum in growing our subscriber base and maintaining our network leadership position,” Ferdi Moolman CEO of MTN Nigeria said.

In the first quarter of 2018, the margin of earnings before interests, taxes, depreciation and amortization (EBITDA) expanded to 41.8% given well-controlled expenses and a stable naira.

“During the period the business rolled out 298 3G and 174 4G sites with the 4G rollout remaining centred on the top 10 cities across the country,” the statement read.

A statement by the company’s corporate headquarters in South Africa said revenue increased due to growth in Nigeria and Ghana, where voice revenue expanded.

MTN Nigeria’s full financial results will be released on May 7, 2018.

RECEIVE ALERTS FROM THECABLE

BBM CHANNEL C0038F78B
WHATSAPP 08113975334
TWITTER @thecableng
Copyright 2018 TheCable. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from TheCable.
Tags
Advertisement

Social Comments

0 Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Write a Comment

Your email address will not be published.
Required fields are marked *

*

Advertisement
Advertisement
Advertisement

Exchange Rates

November 27, 2018USDGBPEUR
INTERBANK306397354
LAGOS363475418
KANO364476420
PH364476420
ABUJA363478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement