MTN, Africa’s largest mobile operator, says robust Covid-19-pandemic-induced data demand and a recovery in voice services helped service revenue grow almost a fifth in its first quarter to end-March, helping to offset a dip in subscriber numbers due to new regulations in Nigeria.
General economic conditions remain challenging as a result of the pandemic, the group said in a quarterly update on Tuesday, but data usage has surged as Covid-19 prompts increased education, work and entertainment from home...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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First-quarter service revenue rose almost a fifth despite drop in subscribers, MTN saysRobust demand for data and digital services during Covid-19 has helped offset the effects of new regulations in Nigeria restricting SIM activations
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MTN Nigeria loses potential customers on SIM banThe company says the potential lost revenue was offset by increased voice and data usage by existing customers
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Fintech separation expected by early 2022, MTN saysRobust demand for data and digital services during Covid-19 has helped offset the effects of new regulations in Nigeria restricting SIM activations
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