Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Insecurity, regulations weigh down MTN

23 October 2014, 20:25

Lagos -  MTN Nigeria, the mobile network operator, has reported a marginal decline in its subscriber base in the last quarter.

According to the MTN Group,  subscribers fell to 58.4 million, largely impacted by regulatory restrictions relating to the “dominant operator” ruling and continued unrest in the northern region during the quarter.

While this muted subscriber performance is expected to impact revenue growth for the second half of the year, by mid-September the operation had resolved a number of issues with the regulator resulting in an improvement in subscriber growth, MTN Group said.

Local currency data revenue continued to grow strongly, increasing by 26.4 percent.

Also read: NCC may issue fresh sanction on MTN

It now contributes 17.8 percent to total revenue. This was mainly attributable to the growth in data users, which increased by 31.7 percent and the introduction of a low-cost MTN smartphone during the quarter.

The operation successfully sold 58 300 of such devices in the third quarter.

The Mobile Money offering, Diamond Yellow, gained encouraging momentum while the launch of other innovative data products including MTN Yello Health, MTN Music plus MTN Yello, Cover, MTN Biz Plus and MTN SME plus will further assist MTN Nigeria’s growth in the digital space.

Meanwhile, the MTN Group recorded satisfactory subscriber growth of 2 percent to 219 million subscribers quarter-on-quarter (QoQ).

- CAJ News


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...