Resilient MTN Nigeria hits 11.6% profit growth, plans additional Base Stations rollout
MTN Nigeria has said 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 sms.
The company had earlier in the year indicated moves to invest more in building more base stations to drive subscriber base in remote areas and deepen quality of service in urban centres.
