Nigeria: Backbone Of MTN Group - Business - Nairaland
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| Nigeria: Backbone Of MTN Group by burkutu: 11:43am On Mar 16, 2013 |
VENTURES AFRICA – South African telecommunications giant, MTN Group released its full year to December 2012 Financial Statement, which shows revenue of R135.1 billion ($14.67 billion) up from R121.8 billion ($13.15 billion) a year earlier. As expected, a huge chunk (29 percent) of the company’s revenue was came fromMTN’s Nigerian unit which raked in about774 billion naira ($4.2 billion). This represents an 11 percent increase over the same period in Rand terms http://www.ventures-africa.com/2013/03/mtn-group-posts-15-billion-revenue-nigeria-contributes-4-2-billion/ |
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