Yet again, MTN Nigeria is making the headlines. The leading telecommunications operator in Nigeria has come out to say its running network investment in Nigeria has increased their revenues substantially.
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MTN Nigeria was in the news recently for its laying off of over 200 workers; the telecoms giant were also in the news few weeks back when it paid part of its NCC fine. Now, MTN is in the news for something even better – MTN is counting their blessings!
According to MTN Nigeria’s quarterly update that ended in 31 March 2017, the company’s investment in Nigeria led to its total revenues in the region to jump 11.6 percent higher, and for its customers to receive high-end data quality.
In the quarterly update, President/CEO of MTN Group, Rob Shuter stated that the group’s total revenues in Nigeria increased but there were some recorded losses as its subscriber base was reduced by 2.3 percent in the quarter. The decrease in the subscriber base was due to some irregularities in subscriber connections.
“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. Despite the challenging economic conditions MTN Nigeria continued to execute on its network rollout plans with a particular focus on the data network. This remains a key element in the Group’s medium-term growth strategy,” explained Shuter.
“While our reported subscriber numbers are lower than we had expected, this is largely the result of an ongoing review of subscriber definitions. We are planning to further modernise our internal subscriber definitions to more closely align with the changing mix of revenue streams and will report on this at the end of the first half of 2017,” Shuter added.
The Group also witnessed over a 2-million subscriber loss in Ghana. The loss was attributed to the disconnection of 3.4 million of its subscribers in the nation. This –loss of subscribers- and other issues such as data network shutdown, regulation and pricing for tariffs had an impact on the group’s performance in Ghana as well as Ivory Coast, Guinea Bissau and Benin Republic.