MTN Nigeria Communications Limited has announced a year-on-year increase of 73.2 per cent in revenue from data services for the first quarter of this year.

A statement issued by Public Relations and Protocol Manager, Mr. Funso Aina, on Thursday said the digital mobile operators grew its total revenue for the quarter by 14.4 per cent.

The company, however, did not disclose what the earnings mean in monetary terms. It pledged to release detailed results on May 7.

The statement read in part, “MTN Nigeria subscribers increased by 4.3 per cent quarter-on-quarter to 54.5 million.

“Constant currency (organic) service revenue increased by 14.4 per cent and data revenue increased 73.2 per cent year-on-year.”

The statement quoted the Chief Executive Officer, MTN Nigeria, Ferdi Moolman, to have said, “MTN Nigeria delivered a strong performance for the first quarter of 2018, supported by growth in data revenue and increased scale. We also maintained positive momentum in growing our subscriber base and maintaining our network leadership position.”

He added that MTN continued with the positive momentum of 2017, increasing service revenue by 14.4 per cent year-on-year, supported by a 73.2 per cent increase in data revenue and 15.2 per cent growth in voice revenue.

In the first quarter of 2018, the earnings before interest, tax, depreciation and amortisation margin expanded to 41.8 per cent due to well controlled expenses and a stable naira, he added.

The mobile operator reported net additions in the quarter of 2.3 million following on from the two million net additions in the fourth quarter of 2017, which was supported by the increase in the SIM registration footprint.

http://investorsking.com/mtn-grows-data-revenue-73/

Truth234:
MTN Nigeria Communications Limited has announced a year-on-year increase of 73.2 per cent in revenue from data services for the first quarter of this year.

A statement issued by Public Relations and Protocol Manager, Mr. Funso Aina, on Thursday said the digital mobile operators grew its total revenue for the quarter by 14.4 per cent.

The company, however, did not disclose what the earnings mean in monetary terms. It pledged to release detailed results on May 7.

The statement read in part, “MTN Nigeria subscribers increased by 4.3 per cent quarter-on-quarter to 54.5 million.

“Constant currency (organic) service revenue increased by 14.4 per cent and data revenue increased 73.2 per cent year-on-year.”

The statement quoted the Chief Executive Officer, MTN Nigeria, Ferdi Moolman, to have said, “MTN Nigeria delivered a strong performance for the first quarter of 2018, supported by growth in data revenue and increased scale. We also maintained positive momentum in growing our subscriber base and maintaining our network leadership position.”

He added that MTN continued with the positive momentum of 2017, increasing service revenue by 14.4 per cent year-on-year, supported by a 73.2 per cent increase in data revenue and 15.2 per cent growth in voice revenue.

In the first quarter of 2018, the earnings before interest, tax, depreciation and amortisation margin expanded to 41.8 per cent due to well controlled expenses and a stable naira, he added.

The mobile operator reported net additions in the quarter of 2.3 million following on from the two million net additions in the fourth quarter of 2017, which was supported by the increase in the SIM registration footprint.

http://investorsking.com/mtn-grows-data-revenue-73/

Nonsense network. I started using GLO network on Saturday 28/4/2018 and to be sincere, its been a very great experience using it to browse. GLO is the best!! Let's support our own indigenous network doing us proud, and stop patronizing these fraudulent and slave driver MTN and other South African firms.GLO just bailed me out of this useless MTN network I have patronized since inception.

K

B

Tunagee:


Nonsense network. I started using GLO network on Saturday 28/4/2018 and to be sincere, its been a very great experience using it to browse. GLO is the best!! Let's support our own indigenous network doing us proud, and stop patronizing these fraudulent and slave driver MTN and other South African firms.GLO just bailed me out of this useless MTN network I have patronized since inception.

Glo that my sister can't use to send email till date ? Keep decieving yourself you this Glo employee

MtN and d Devil i no know d one wey wicked pass... u buy data from MtN and give you AirBag...

Tunagee:


Nonsense network. I started using GLO network on Saturday 28/4/2018 and to be sincere, its been a very great experience using it to browse. GLO is the best!! Let's support our own indigenous network doing us proud, and stop patronizing these fraudulent and slave driver MTN and other South African firms.GLO just bailed me out of this useless MTN network I have patronized since inception.

Glo Dat can keel someones Glory... my Glo will go to rest when is weekend. i dont know when network start going weekend break.. from 7pm e no go work start working from 3am. Fri to sun like is going to weekend night club.. d network tire me

Tunagee:


Nonsense network. I started using GLO network on Saturday 28/4/2018 and to be sincere, its been a very great experience using it to browse. GLO is the best!! Let's support our own indigenous network doing us proud, and stop patronizing these fraudulent and slave driver MTN and other South African firms.GLO just bailed me out of this useless MTN network I have patronized since inception.

Your comment is fraught with calumny and it's obvious you're only out to distort the truth. I would have been able to help with whatever issues you 'had' with the network (that's even if there's any) if you would come out clean.

Be assured that MTN's data revenue growth is not a fluke but a representation of subscribers' continued trust in the yellow network. As a company out to make its customers happy, MTN continues to invests heavily in network productivity and optimisation. If you don't know, you don't know.

So, brother, it's high time you rejoined the MTN network where you can do amazing things with data and enjoy seamless data experience.

Lest I forget, I posted this comment in the middle of the sea on MTN network and there was no break in data coverage.

This thiefing* network

Ok

Tunagee:


Nonsense network. I started using GLO network on Saturday 28/4/2018 and to be sincere, its been a very great experience using it to browse. GLO is the best!! Let's support our own indigenous network doing us proud, and stop patronizing these fraudulent and slave driver MTN and other South African firms.GLO just bailed me out of this useless MTN network I have patronized since inception.

Glo is a nightmare to use. MTN data still the best, just that it's expensive.

Like for MTN. Share for GLO. Quote for Others

I think it depends on where you reside, Glo network is the best mehn.

Tunagee:


Nonsense network. I started using GLO network on Saturday 28/4/2018 and to be sincere, its been a very great experience using it to browse. GLO is the best!! Let's support our own indigenous network doing us proud, and stop patronizing these fraudulent and slave driver MTN and other South African firms.GLO just bailed me out of this useless MTN network I have patronized since inception.

Bro pertaining to Glo network you are on your own in this case

Tunagee:


Nonsense network. I started using GLO network on Saturday 28/4/2018 and to be sincere, its been a very great experience using it to browse. GLO is the best!! Let's support our own indigenous network doing us proud, and stop patronizing these fraudulent and slave driver MTN and other South African firms.GLO just bailed me out of this useless MTN network I have patronized since inception.

Glo is shit! I can't be walking upadan looking for network to browse. Rubbish...

How come..?? But mtn data r too expensive

Tunagee:


Nonsense network. I started using GLO network on Saturday 28/4/2018 and to be sincere, its been a very great experience using it to browse. GLO is the best!! Let's support our own indigenous network doing us proud, and stop patronizing these fraudulent and slave driver MTN and other South African firms.GLO just bailed me out of this useless MTN network I have patronized since inception.

Keep quiet. Glo is the worst network in the world. Dont even come here to talk trash about glo being the best. Support people who cannot provide simple 4g while other networks are. Abeg park one side

Glo data services is very poor, my last sub expired with 3Gb unused, this is not the first time but it is the last. Glo bye

Etisalat too expensive and get exhausted too fast


Airtel not reliable


That's how MTN became my final answer.

MTN is still the best when it comes to fast internet and large network coverage. Yes that data may be expensive and finish quickly but at least you will enjoy what you paid for unlike the useless glo that you won't be able to send ordinary email or open google. 9mobile is also becoming very useless like glo.

sinorte:


Your comment is fraught with calumny and it's obvious you're only out to distort the truth. I would have been able to help with whatever issues you 'had' with the network (that's even if there's any) if you would come out clean.

Be assured that MTN's data revenue growth is not a fluke but a representation of subscribers' continued trust in the yellow network. As a company out to make its customers happy, MTN continues to invests heavily in network productivity and optimisation. If you don't know, you don't know.

So, brother, it's high time you rejoined the MTN network where you can do amazing things with data and enjoy seamless data experience.

Lest I forget, I posted this comment in the middle of the sea on MTN network and there was no break in data coverage.

MTN dey deceive u with the peanut salary dem dey pay u abi?

Make una do reduce price of data abeg. I cannot fit come and kill myself because of una

Why won't revenue increase when subscribers exhaust a supposed month long data in 2 days!!

Tunagee:


Nonsense network. I started using GLO network on Saturday 28/4/2018 and to be sincere, its been a very great experience using it to browse. GLO is the best!! Let's support our own indigenous network doing us proud, and stop patronizing these fraudulent and slave driver MTN and other South African firms.GLO just bailed me out of this useless MTN network I have patronized since inception.

we'll wants to use and support glo but they have the worst network. . That's the problem

i af 90gig on spectranet
see downloafing don tire me

All thanks to MOJO!!!

Sagay212:


Keep quiet. Glo is the worst network in the world. Dont even come here to talk trash about glo being the best. Support people who cannot provide simple 4g while other networks are. Abeg park one side

I have always struggled using MTN at home for like 7 years. It's been terrible. So people in my area advised to use GLO, but I kept doubting, not until I tried it on Saturday. LTE and 3G all very fast on GLO. I don't have to run up and down looking for network around my home and my immediate environment anymore. It was very terrible for 7 years. I even complained to MTN to optimize the network, upon everything, no show. For u guys info, I worked for MTN for 10 years so I know what the network strengths are. I am particular about where I Iive and do 95% of my browsing. GLO data also does not deplete quickly. MTN bullshit data exhausts like pure water.! I don't give a damn about their rip off network. Even the voice call very fast on GLO. I even discovered GLO has very sweet data plans. They even send me updates on how to check my balance and my bonus available, and also very user friendly. I have also visited several communities in my area and GLO has been extremely fast. GLO is the best
U guys can go to hell with MTN.

Tunagee:


Nonsense network. I started using GLO network on Saturday 28/4/2018 and to be sincere, its been a very great experience using it to browse. GLO is the best!! Let's support our own indigenous network doing us proud, and stop patronizing these fraudulent and slave driver MTN and other South African firms.GLO just bailed me out of this useless MTN network I have patronized since inception.

Support snail network !

"Growing data revenue. . ." without those making the payment benefiting real value for what they are paying for.

Emmydo360:
How come..?? But mtn data r too expensive

It means quality counts at times

Tunagee:


I have always struggled using MTN at home for like 7 years. It's been terrible. So people in my area advised to use GLO, but I kept doubting, not until I tried it on Saturday. LTE and 3G all very fast on GLO. I don't have to run up and down looking for network around my home and my immediate environment anymore. It was very terrible for 7 years. I even complained to MTN to optimize the network, upon everything, no show. For u guys info, I worked for MTN for 10 years so I know what the network strengths are. I am particular about where I Iive and do 95% of my browsing. GLO data also does not deplete quickly. MTN bullshit data exhausts like pure water.! I don't give a damn about their rip off network. Even the voice call very fast on GLO. I even discovered GLO has very sweet data plans. They even send me updates on how to check my balance and my bonus available, and also very user friendly. I have also visited several communities in my area and GLO has been extremely fast. GLO is the best
U guys can go to hell with MTN.

Calm down bro. Hate the game and not the player.