The amount was spent by subscribers on telephony services, especially airtime in the first six months of the year, representing some N57 billion increase when compared to amount spent during the same period in 2019. The figures were computed from the average amount spent monthly by subscribers and earnings showed a 3.73 per cent second quarter growth for MTN, Globacom, Airtel and 9mobile.
The Guardian had reported in January that operators earned about N2.78 trillion in 2019 from airtime sales. The forced lockdown ensured that most people, businesses, schools, government parastatals, and religious centres had to operate remotely through the online space. Analysis of the subscriber data from the NCC showed that Nigeria had 186 million subscribers in January; 187.4 million in February, and 189.3 million as at the end of the first quarter of 2020.
On the development witnessed in the industry in June, including the addition of 4.1 million new subscribers, 2.56 million Internet users, telcos’ 3.73 per cent Q2 growth, and rise in teledensity, the ATCON boss explained that the growth should have been more considering that COVID-19 pandemic and government’s response was to force a ‘stay-at-home-lockdown’ directive.
Sustaining the growth, despite the poor state of telephone services in the country, Teniola, an engineer, said affordability is the key measurable indicator that would determine usability and sustainability in both subscription number growth and revenue numbers going forward.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Source: SaharaReporters - 🏆 9. / 63 Read more »
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Source: TheNationNews - 🏆 6. / 69 Read more »