MTN Nigeria said it deactivated 600,000 active subscribers
in compliance with the directive of the Nigerian Communications Commission to
deactivate partially registered SIM cards.
The telecommunication company recorded 61.6 million
subscribers at the end of the third quarter, adding 100,000 users quarter on
quarter, the Q3 unaudited financial report ended September 30, 2019 stated.
In the report published on Wednesday, MTN said service
revenue increased by 12.1 percent to N854.9bn, largely driven by increases of
10.1 per cent and 34.9 per cent, respectively in voice and data revenue.
The financial report stated that earnings per share rose by
29 per cent to N7.29 while Capex increased by 39.5 per cent to N154.1bn
MTN said its fintech business gained traction with 21.7 per
cent year-on-year growth in revenue, driven by increased adoption of the
Xtratime service, allowing subscribers to borrow airtime.
The telco said it launched its super-agent services in
August 2019 and recorded 66,000 registered agents.
Commenting on the performance of the company, the Chief
Executive Officer, MTN Nigeria, Ferdi Moolman, said MTN recorded double-digit
growth in service revenue despite the challenging business environment.
According to him, the telco added 1.6 million active data
subscribers and 4G population coverage reached over 35 per cent in 64 cities.
Click to signup for FREE news updates, latest information and hottest gists everyday
Advertise on NigerianEye.com to reach thousands of our daily users
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com