MTN and Airtel made N1.92tn from calls and data between January and September, 2022.
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.” MTN’s result disclosed that data traffic grew by 70.6 per cent y-o-y, while Airtel revealed that data usage per customer increased to 4.8 GB per month .
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.”All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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