Telecom operators in Nigeria have lost 1.02 million subscribers in Q1 2023, with teledensity dropping 0.53% and broadband penetration losing 528,575 users.
• Subscribers experience hitches over new unified short codesWhile the country entered the new year in January with 226.2 million subscribers, it increased to 227.2 million in February and fell to 226.2 by the end of March.
In the report, Airtel Nigeria raked in N980 billion from its services for the financial year ended March 31, 2023. This represents a 20.3 per cent growth year-on-year, compared with N864.9 billion recorded in the same period last year. The company added that 50 per cent of total recharges by Nigerians are cash-based, which was why its revenue was impacted by the crunch.
Nigeria, through the New National Broadband Plan hoped to deepen penetration in the country by 70 per cent, however, by the end of March, the period under review, users dropped by 528,575. It moved from 92.5 million in February to 92 million in March. Recall that NCC approved harmonised short codes, which took effect from Tuesday, May 17 and are expected to work across all mobile networks in the country.
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