MTN NG: Increase In Mtn Subscribers Base Hits 54million
Mtn Subscribers Base.
MTN Nigeria in an update on Mtn subscribers on Thursday announced that notwithstanding all difficulties, the company brought to notice the strong financial report in the quarter one of 2018, even as it increased Mtn subscribers base by 4.3 million to a height at 54 million subscribers at the end of March 2018.
MTN-Office breaks down on the subscriber surge showed net additions of 2.3 million at the end of first quarter 2018 and 2.0 million net additions in fourth quarter 2017. The company said the achievement happened exactly, as a result of the increase in its SIM registration footprint. Another factor that added to the increase in Mtn Subscriber was the rollout of 298 3G and 174 4G sites with the 4G rollout remaining centered on the top 10 cities across Nigeria.
The telco network also said it recorded an increase of 15.2% in voice revenue, constant currency service revenue growth by 14.4 percent and data revenue by 73.2% year-on-year. The chief executive officer of MTN Nigeria, Ferdi Moolman said, this was in a persistence of the positive gain of 2017 and showed satisfaction on the achievement in the first quarter of 2018 happened as the EBITDA margin expanded to 41,8% given well-controlled expenses and a stable naira.
According to Ferdi, “MTN Nigeria delivered a strong performance for the first quarter of 2018, aided by growth in data revenue and increased scale. We also assured positive gain in growing our subscriber base and aiding our network leadership position.” Meanwhile the parent company, MTN group also recorded voice revenue growth of 5.4% and said it was achieved by a strong growth in Nigeria and Ghana of 15.2% and 20.6% respectively. The group’s subscriber base, increased by 1.9 percent quarter-on-quarter with net more additions of 4.1 million and data revenue up by 26.9 percent.
MTN Group President and CEO, Rob Shuter said, during the quarter, the group continued to center on operational execution across our markets, kicking off the strong network investment of the past few years. This allowed us to deliver an acceleration in service revenue growth to 9,1% (stable currency), led by MTN Nigeria and MTN Ghana.”