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Published 3 May 2021
MTN Nigeria has reported revenue growth of 17.2 per cent to N385.2bn in the first quarter ended March 31, compared with N329.2bn in the same period of 2020.
According to the unaudited first-quarter report of the company, the revenue growth was supported by an increase of 42.6 per cent and eight per cent in data and voice revenue respectively.
Mobile subscribers, however, declined by five million to 71.5 million which the company attributed to the effects of customer churn and the regulatory restrictions on new SIM sales and activations.
Active data users also declined marginally by 71,000 to 32.5 million, though there was an 86.7 per cent increase in data traffic and a 48.5 per cent increase in usage (MB per user) from the existing base.

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