2019: MTN adds 2.1m subscribers, grows service revenue by 13.4% in first quarter vanguardngr.com vanguardnews
MTN Nigeria yesterday announced addition of 2.1 million new subscribers to its network at the end of First quarter 2019.
In an unaudited result released by the telco, yesterday, for the quarter ended March 31, 2019, it also announced an increment in service revenue by 13.4 percent even as it grew voice revenue by 12.7 percent. It, however, declared a loss in digital revenue which decreased by 68.0 percent. MTN said releasing the unaudited result was in line with global best practice and aligns with the International Financial Reporting Standards, IFRS 16 accounting standards.CEO, MTN Nigeria, Ferdi Moolman said growth in data revenue was supported by a 10.
He added that “first quarter of saw a significant increase in our capital expenditure programme, with focus on LTE services, where we rolled out 1,188 sites across our key focus cities. In addition, the successful transfer of the 800MHz spectrum from Visafone to MTN Nigeria will further enable improvements to network coverage and service quality.
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