MTN Nigeria recorded sustained growth across majors in the first quarter of 2019 as telco subscribers hit 60.3 million.
In its unaudited results for the quarter ended March 31, 2019, MTN said it saw a significant increase in capital expenditure programme, with a focus on LTE services, it rolled out in 1,188 sites across Nigerian cities.
Ferdi Moolman, CEO, MTN Nigeria, said, “Our first quarter performance was in line with expectations, as service revenue remained resilient with double-digit growth on the back of improvements in voice and data revenues. We connected a further 2.1 million people to our network, providing them access to worldwide communication services, while an additional 1.7 million people are able to access the possibilities that the internet provides.
The telecom giant said it is engaging with the Nigerian Stock Exchange (NSE) to complete the process of listing.
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