MTN earned N453bn in 2018 – report vanguardngr.com vanguardnews
The communications company also attracted additional six million subscribers to its network in the year.It said that the six million subscribers brought the total number of subscribers in its network to 58 million, adding that the 2018 EBITDA represented 30.8 per cent profit growth.
The report showed a service revenue increase by 17.2 per cent, data revenue increase by 39.3 per cent, digital revenue decrease by 58.1 per cent and Fintech revenue increase by 32.7 per cent.Commenting on the results, the Chief Executive Officer of MTN Nigeria, Mr Ferdi Moolman, said: “This growth was built on our sustained focus on customer centric delivery – ensuring that customers get much more value for their money.
“We also enabled an additional eight million people to access the possibilities that the internet provides, bringing our total data subscriber base to 44 million, of which 18.7 million use more than five megabytes per month. The chief executive officer said that there was the need to continue to focus on delivering social innovations such as mobile electricity and financial services for all.
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MTN Earned N453bn In 2018 – ReportMTN Nigeria recorded N453.1 billion Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) in 2018. The communications company also attracted additional six million subscribers to its network in the year. The company made the disclosure in its annual report released on Thursday in Lagos. It said that the six million subscribers brought the total number […]
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