Follow Us on GoogleDespite a 2.3 per cent decline in MTN Nigeria subscriber base, the company’s revenue has increased by 11.6 per cent in the first quarter of 2017.
MTN Nigeria says it “had a strong start to the year with an 11.6 per cent increase in total revenue, supported by a 71.3 per cent boost in data revenue.”
It added 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 per cent 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.
MTN Nigeria records 11.6% profit growth
04 May 2017 12:34 am WAT
By
sunnews
Breaking news & top stories
Stay connected with The Sun Newspaper
Get breaking news, exclusive stories, and live updates delivered straight to your phone. Join thousands of readers already following us on Whatsapp Channel and Telegram.
Breaking news & top stories
Stay connected with The Sun Newspaper
Get breaking news, exclusive stories, and live updates delivered straight to your phone. Join thousands of readers already following us on Whatsapp Channel and Telegram.
