MTN Nigeria profits dip but it adds millions of subscribers
Covid-19 also had an effect on MTN Nigeria, which contributes about a third of MTN’s earnings
28 October 2020 - 14:32
Africa’s largest telecoms provider, MTN, says its Nigerian operation saw a slight dip in profits during its nine months to end-September, partly due to its aggressive rollout of 4G coverage in the continent’s most populous country.
MTN Nigeria said it was seeing the full effects on rental costs related to its 4G rollout, while Covid-19 also resulted in volatility in its revenue streams, boosting data use, but hitting voice traffic...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.