Tuesday, November 20, 2018
Advertisement

MTN Nigeria revenue jumps by 11.6% despite drop in customers

MTN Nigeria revenue jumps by 11.6% despite drop in customers
May 03
12:54 2017
Advertisement

Despite a 2.3 percent decline in MTN Nigeria subscriber base, the company’s revenue has increased by 11.6 percent in the first quarter of 2017.

MTN Nigeria says it “had a strong start to the year with an 11.6% increase in total revenue, supported by a 71.3% boost in data revenue”.

It adds that while the momentum is encouraging, the ongoing review of value-added services subscribers will put pressure on digital revenue for the balance of the year.

MTN Nigeria’s subscriber base declined by 2.3% quarter-on-quarter.

This was impacted by new regulations that require all subscriber connections to take place in permanent brick-and-mortar structures. It says this led to a marked reduction in gross connections across the industry.

MTN Nigeria has also continued with the process of excluding subscribers whose only activity is receiving incoming SMSes.

“The ongoing network investment in Nigeria is delivering continued improvements in data quality in the metro areas and highlights MTN group’s commitment to the Nigerian market, notwithstanding the challenging macro environment,” Rob Shuter, CEO of MTN group said.

The Telco says a focus on the rollout of its Nigerian data network remains a key element in the group’s medium-term growth strategy.

The entire MTN group’s first quarter revenue was up 7.1 percent by a data revenue spike of 29.4 percent year-on-year.

The telecoms operator’s quarterly update for the three months ended 31 March, released on Wednesday also shows that data revenue now contributes 20 percent to total revenue for the telco, which saw voice traffic (billable minutes) increase by only two percent and total data traffic by 145 percent.

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

1 Comment

  1. rsk
    rsk May 04, 04:35

    as things are we pray in support of those_workers including the retailers_making that happen that they will be rewarded accordingly but lol:sometime, workers in south Africa protested…and were answered favourably despite their relative lower performance to the bottom line against their Nigerian counterparts. This year it was the retailers first now it is the workers,280 at a sweep. now in the first case,retailers,who are there to reach out to your end users defying all environmental/social odds are being denied(instead of being listened to) by funso aina,while reacting to mtn(only) recharge vouchers price hike.the second group are being laid off instead of being retrained. so the book of James, profit(and honor) for labour, does not apply here. I do not how and when yet but surely this conspiracy will create monsters that will consume its architects.

    Reply to this comment

Write a Comment

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

*

Advertisement
Advertisement
Advertisement

Exchange Rates

November 16, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
Advertisement
Advertisement
Advertisement
Advertisement