Tech: More people are using MTN in Nigeria than another any other African country

share on:

More people are using MTN in Nigeria than another any other African country

With 55.2 million subscriber base, Nigeria has the highest number of people using MTN across several African nations, according to the H1 report of Africa's telecom giant seen by Business Insider Sub-Saharan Africa on Thursday.

In the last 6 months, MTN Group increased its subscriber base in Nigeria by 5.6% to hit 55.2 million, the highest in Africa.

The group's financial report posted by the Johannesburg telecommunication company on Wednesday, August 9, 2018, also indicated that its Nigerian subsidiary performed ahead other markets and above expectations with double-digit growth.

The company said its service revenue accelerated for the period under review.

ALSO READ: We checked MTN Group H1 and here's how Nigeria, Ghana and South Africa performed

Increase usage and growth in data subscribers supported data revenue growth,” according to report.

Rob Shuter, Group president and CEO while commenting on the report, said Nigeria, Ghana and South Africa led the encouraging first half of 2018, with an acceleration in the second quarter, supported by an improved operational performance across many markets.

“We made good progress on our plans to list MTN Nigeria on the Nigerian Stock Exchange. We do not expect any material cash inflows to the group from the IPO,” the report stated.

Here is how MTN stands in subscriber base across five African markets

1. Nigeria 55.2 million

2. South Africa 30.2 million

3. Ghana 16.5 million

4. Cameroon  6.6 million

5. Ivory Coast 11.3 million

Also from Business Insider Sub-Sahara Africa:

Source: Sponsored

Comments

comments

Tags:
admin

admin

My name is Jaramike Daniel a blogger with a vision, a programmer in the making, a web developer by hobby and a Nigerian by birth.. My dream is to inspire youths with passion in the tech aspect. I create and design websites for schools, Companies and Organisation... I can be reached through any of my social media listed below or whatsapp on +2348168210251

Leave a Comment

share on: