Telcos earn N1.92tn from calls, data
MTN and Airtel made N1.92tn from calls and data between January and September, 2022.
This is according to data from the financial results of MTN Nigeria Communications Plc and Airtel Africa’s Nigeria affiliate.Information Guide Nigeria
👉 Relocate to Canada Today!
Live, Study and Work in Canada. No Payment is Required! Hurry Now click here to Apply >> Immigrate to CanadaThis is an 18.27% increase over the N1.62tn earned by telcos on calls and data in the same time in 2021.
MTN Nigeria disclosed that its users spent N753.78bn and N549.66bn on calls and data, respectively, while Airtel Nigeria customers spent N342.71bn ($780m) and N274.61bn ($625m) on calls and data, respectively.
MTN noted in its report that inflation, supply chain uncertainty, and foreign exchange scarcity were exerting financial strain on consumers and enterprises.
Other Top Stories:
- Elon Musk slashes Twitter verification fee to $8
- Elon Musk says Twitter blue tick to be revamped
- UK battery firm Britishvolt near collapse as it seeks funding
- Instagram bug tells some users accounts are suspended
It said, “Our operating environment remained challenging in the first nine months of 2022. The ongoing global macroeconomic and geopolitical volatility continued to drive up energy, food, and general inflation, with the annual inflation rate in Nigeria rising to a 17-year high of 20.8 per cent in September 2022.
“Supply chain uncertainties were exacerbated by the availability of foreign currency needed for capital expenditure. These headwinds continue to put severe financial pressure on consumers and businesses.”
Commenting on the growth of voice and data revenues, MTN Nigeria Chief Executive Officer, Karl Toriola, said, “Voice revenue grew by 4.4 per cent, maintaining a steady recovery as more customers are reactivated, and gross connections continue to ramp up.”JAMB Result
👇👇👇👇👇
Immigrate to Canada Via Job Offer!
Get latest Jobs in Canada for foreigners with visa sponsorship 2023 and how to apply. Don't miss this opportunity that can help you relocate to Canada with your family.
👇👇👇👇👇
Click here to Subscribe
👍Advertise your business on InfoGuideNigeria.com!
From just N9,999 per month, you can advertise your products and services to over 1,500,000 monthly users on our website. Click here to read more.======
🤑 Make Money now!
👉 Make money writing for us. Apply for Freelance writing jobs in Nigeria.👉 Make Money as InfoGuideNigeria Advertising Agents, read more here
