MTN revenue rises to
N329.2bn
Published April 30, 2020
MTN Nigeria reported revenue growth of 16.7 per cent to N329.2bn in the first quarter ended March 31, 2020 compared with N282.1bn in the same period in 2019.
The growth, according to the unaudited first quarter report of the company, was largely driven by voice and data revenues.
According to the telecom company, service revenue rose by 16.7 per cent year-on-year to N328.5bn.
MTN said mobile subscribers increased by 4.2 million to 68.5 million, an increase of 7.4 per cent.
MTN Nigeria’s Chief Executive Officer, Ferdi Moolman, said data revenue increased by 59.2 per cent due to growth in data traffic and the addition of 1.7 million active Internet subscribers to the network during the quarter.
Moolman stated, “We recorded a solid performance in the first quarter, building on the growth momentum we achieved in Q4 2019.
“Service revenue was strong and rose by 16.7 per cent driven by voice and data revenue; 4.2 million subscribers were added to the network, driving voice revenue growth of 7.4 per cent.
Sorce:https://punchng.com/mtn-revenue-rises-to-n329-2bn/?amp=1
N329.2bn
Published April 30, 2020
MTN Nigeria reported revenue growth of 16.7 per cent to N329.2bn in the first quarter ended March 31, 2020 compared with N282.1bn in the same period in 2019.
The growth, according to the unaudited first quarter report of the company, was largely driven by voice and data revenues.
According to the telecom company, service revenue rose by 16.7 per cent year-on-year to N328.5bn.
MTN said mobile subscribers increased by 4.2 million to 68.5 million, an increase of 7.4 per cent.
MTN Nigeria’s Chief Executive Officer, Ferdi Moolman, said data revenue increased by 59.2 per cent due to growth in data traffic and the addition of 1.7 million active Internet subscribers to the network during the quarter.
Moolman stated, “We recorded a solid performance in the first quarter, building on the growth momentum we achieved in Q4 2019.
“Service revenue was strong and rose by 16.7 per cent driven by voice and data revenue; 4.2 million subscribers were added to the network, driving voice revenue growth of 7.4 per cent.
Sorce:https://punchng.com/mtn-revenue-rises-to-n329-2bn/?amp=1
