MTN Nigeria sees 59% surge in Q1 data revenue on COVID-19 impact, improved 4G coverage
by Segun Adams On Apr 30, 2020
MTN Nigeria, the country’s biggest mobile phone service provider, recorded a double-digit surge in data revenue in the first quarter of 2020, the onset of the COVID-19 pandemic that saw businesses adopt remote working and individuals stay at home in key states.
Data revenue which makes up 22.6 percent of service revenue (N328.5bn) grew 59.2 percent year-on-year in the quarter and 12.3 percent from Q4 2019. The growth in data traffic (+130.4 percent y/y) was supported by the addition of 1.7 million active data users and increased 4G population coverage in the period.
Some 4.2 million new subscribers were added to MTN network of now 68.5 million users, driving voice revenue up by 7.4 percent.
Ferdi Moolman, MTN Nigeria’s CEO, said the telco’s performance was despite several developments in the quarter including the increase in VAT from 5 percent to 7.5 percent which adversely affected both revenue and costs.
Source:https://businessday.ng/exclusives/a...enue-on-covid-19-impact-improved-4g-coverage/
by Segun Adams On Apr 30, 2020
MTN Nigeria, the country’s biggest mobile phone service provider, recorded a double-digit surge in data revenue in the first quarter of 2020, the onset of the COVID-19 pandemic that saw businesses adopt remote working and individuals stay at home in key states.
Data revenue which makes up 22.6 percent of service revenue (N328.5bn) grew 59.2 percent year-on-year in the quarter and 12.3 percent from Q4 2019. The growth in data traffic (+130.4 percent y/y) was supported by the addition of 1.7 million active data users and increased 4G population coverage in the period.
Some 4.2 million new subscribers were added to MTN network of now 68.5 million users, driving voice revenue up by 7.4 percent.
Ferdi Moolman, MTN Nigeria’s CEO, said the telco’s performance was despite several developments in the quarter including the increase in VAT from 5 percent to 7.5 percent which adversely affected both revenue and costs.
Source:https://businessday.ng/exclusives/a...enue-on-covid-19-impact-improved-4g-coverage/
