Mobile phone operators’ assets rise by N804bn

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The assets of the six Mobile Network Operators in Nigeria increased by N804.09bn or 0.38 per cent in 2019, a latest report by the Nigerian Communications Commission stated.

The 2019 Subscriber/Network Data Report stated that the total value of assets in the industry increased from N2.11tn in 2018 to N2.91tn as of the end of 2019.

Airtel Nigeria’s assets grew by 43 per cent in 2019 from N357.75bn in 2018 to N510.99bn as of the end of 2019. However, Ntel recorded 11 per cent decline in the value of assets in 2019, from N34.23bn in 2018 to N30.58bn in 2019. MTN recorded the highest revenue in 2019 at N1.17tn while Ntel recorded the lowest sum of N4.61bn as of the end of 2019.According to the report, the company’s revenue declined from N169.15bn in 2018 to N138.67bn as of the end of 2019.

 

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