Over 5 million subscribers of MTN, Africa’s largest mobile phone operator, have ditched their lines with the telco outfit in Nigeria.

MTN reported a slowdown in quarterly subscriber growth on Thursday, caused by stiff competition and tougher regulation in the Nigerian market.

MTN said users increased 0.9 per cent in the three months to end-September, a slowdown from 2 per cent growth the same time a year ago.

Chief Executive Sifiso Dabengwa said the company’s subscriber base in Nigeria fell marginally after more than 5 million users disconnected from the network having failed to register their SIM cards.

“Aggressive price competition, weakening macroeconomic conditions in most of our markets and unfavourable exchange rate movements continued to impact financial performance for the quarter,” Dabengwa said.

Although mobile phone penetration is still well below 100 percent in Africa, growth in users is set to slow sharply in the next five years because the industry finds little commercial logic in deploying networks in remote, rural areas.

trendy:
why wont they o!

See here
https://www.nairaland.com/2687417/nairalanders-please-me-get-mtn

Please help me get my credit back from them

Mckandre:
Finally,I want them to feel the same transgression I feel when your thing is deprived. if only everyone will have single mind, this network will be history just like rainbownet

nigeriancuban:
if only nairalanders could just join a little campaign and refrain from the useless network for just one day,trust me me 3gig will come down to #250 with unlimited validity and calls too...only if NLS........

isacolukay:
Abeg who go buy me beer today? Even though na Satzenbrau?

Tedassie:

guy no derail my sh!t jor


Satzenbrau still dey exist

isacolukay:

That is the cheapest beer in the Nigerian market. Just #100!

Wisdomkosi:
Who go buy me bear even if na origin?

Wisdomkosi:
Who go buy me bear even if na origin?