MTN’S NIGERIA market yesterday rang in robust annual results as it increased its mobile subscribers by an impressive 10.5%.
In its results released for the year ended December 31, 2022, it said its mobile subscribers increased by 10.5% to 75.6 million, adding 7.2 million subscribers in the year, while active data users grew by 15.3% to 39.5 million, an addition of 5.2 million active users.
Nigeria is the group’s biggest and most lucrative market.
MTN Nigeria reported that earnings per share increased by 21.3% to N17.79 kobo (R0.67), while capital expenditure increased by 23.5% to N504.3 billion, an 18.6% increase to N361bn, excluding the right-of-use assets.
The South African-based, but Pan Africa-focused telco, said earnings before interest, tax, depreciation, and amortisation, increased by 22%…