MTN Nigeria Results
MTN Nigeria Posts Latest Results, Sees Massive Fintech Boom
MTN Nigeria has today announced its unaudited results for the half-year ended 30 June 2022. The company, an arm of MTN Group, considered Africa’s largest telecom in terms of subscribers and revenue, continues to report positive growth, particularly in its fintech wing. The half year saw MTN Nigeria’s active fintech subscribers grow by 87.3% to 11.5-million, including the registration of 4.2-million MoMo wallets since the launch of the fintech PSB on 19 May of this year. A massive gain for the business that was affected by a series of shady bank transfers in the country in June. Across the board, MTN Nigeria reported positive results with a 7.6% increase in mobile subscribers to an enormous 74.1-million, adding 5.7-million in the quarter alone. Active data users also increased by 13.2% to 3...
MTN is Selling its South African Towers
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Nigeria Has Yet to Renew MTN’s Licence in the Country
Sourced from Business Tech Nigeria’s Communication Commission (NCC) said on Tuesday that MTN Nigeria’s application to renew its operating licence for the next 10 years was still undergoing regulatory processing. In March, MTN Nigeria said that it was at an “advanced stage” in renewing its operating spectrum and licence from September. This spectrum encompasses the company’s data network and telecom coverage in Africa most populous country and largest economy. The NCC has said that recent online media reports stating that the telco’s application for its licence renewal had already been granted are false, according to Reuters. “The Commission wishes to state that while MTN Nigeria has applied for the renewal of the Unified Access Service Licence (UASL) granted to it by the Commission, the ap...
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...
