MTN Nigeria CEO Karl Toriola
MTN Nigeria Reports Increased Earnings Despite Losing 7.6M Subscribers
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Nigeria has released its unaudited results for the half-year ended June as the telco celebrates its 20th anniversary. The results show that its mobile subscriptions had declined by 7.6-million to 68.9-million. Subscriptions had been significantly impacted by regulatory restrictions on new SIM sales and activations. Active data users also saw a decline by 52,000 to 32.5-million. However, Independent Media reports that MTN Nigeria saw voice revenue grow by 13.1%, benefiting from an 11.8% increase in traffic and its new customer value management initiatives. The impact of the industry-wide suspension of new SIM registrations was partially mitigated by higher usage in the company’s active SIM base, as well as the firm’s migration to “hi...
MTN Nigeria Appoints New CEO
MTN Group has appointed Karl Toriola, current VP for MTN Group’s West and Central Africa (WECA) region, as the new CEO of MTN Nigeria – effective 1 March 2021. Toriola will take over as MTN Nigeria CEO from Ferdi Moolman, who has served MTN Nigeria with distinction in this role for the past five years. Moolman will return to South Africa, where he will assume the new role of Group Chief Risk Officer. Toriola has a BSc Hons in Electronic and Electrical Engineering and an MSc in Communication Systems. In his five years as VP of MTN’s WECA region, he has overseen the steady progress of the operating companies in the region, notably the turnaround of MTN Ivory Coast and MTN Cameroon over the past two years. In addition, the WECA markets have made significant commercial and strategic strides, i...
