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Mixed results for MTN Nigeria

14 August 2013, 14:31

Abuja - The MTN group has recorded substantial growth in its Nigerian subscriber base, but posted a revenue dip compared to the previous year.

MTN Nigeria added 3.8 million subscribers in the first quarter and a further 3.9 million in the second quarter, but remains skeptical to the trend continuing as 3.2 million subscribers were lost with the implementation of forced SIM registration in the country.

The growth brings MTN Nigeria up to a total of 52.7 million subscribers.

Despite the subscriber increase, MTN Nigeria recorded a revenue dip of 1.6% compared to the previous year.

“The reduction in mobile termination rates, the promotions ban until April and the suspension of services in three states in the north of the country from mid-May” are to blame for the dip, according to the operator.

Read more at HumanIPO.


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