As more Nigerians continue to surf the Internet, there has been a surge in the number of internet subscriptions.
Nigeria’s Internet subscriptions remarkably rose by 2.7% in the first quarter of 2022, as Nigerian Communications Commission (NCC) reveals that active subscriptions for telecommunications services across the mobile networks of MTN, Airtel, Glo, and 9mobile rose to 208.6 million in July.
Globacom network which recorded the highest gain of 2.1 million subscriptions in the month is said to have driven the increase.
The NCC reveals that telecom operators in the country, recorded a total of 1 million new subscriptions to achieve this new height.
Telecoms giants Airtel, MTN, Globacom, and 9mobile maintained their dominance of the internet market recording a combined 2.5 million increase of the total subscriptions.
The growth recorded by the operators, the country’s teledensity, which measures the number of active telephone connections per 100 inhabitants living within an area, also jumped from 108.15 percent in June to 109.47 percent in July 2022.
VoIP operators, Smile Communications and Ntel accounted for 366, 271 subscriptions while 14,716 were on fixed wired networks of 21st Century and iPNX. Other internet service providers (ISPs) in the country accounted for 210,597 active subscriptions.
Meanwhile, broadband subscriptions, i.e high-speed internet service, also rose to 84.9 million in July from 84.6 million recorded in June this year. This brought the country’s broadband penetration to 44.49%.
MTN Nigeria which is the largest operator by subscriber number maintained its leadership position as it gained 392,440 subscriptions in July, which brought its database to 79.4 million from the 79 million it recorded in June.
Airtel added 90,955 new subscriptions in the month under review but slipped from the second position to become the third-largest operator in the country. The telco’s active customer database rose to 58.2 million at the end of July from 58.1 million in June.
The NCC data showed that the increase in subscriptions for the month of July, was driven majorly by Globacom.
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MTN Evaluates Exit from Three African Markets Amid Regional Challenges
African telecommunications giant MTN is reportedly contemplating an “orderly exit” from its operations in Guinea-Bissau, Guinea-Conakry, and Liberia, according to a report by Business Insider Africa.
The company, which currently operates in 19 countries across Africa and the Middle East, aims to streamline its portfolio and address challenges in the West and Central Africa (Weca) region.
While the exact reasons for the potential exit remain undisclosed, MTN’s financial reports indicate broader challenges in the Weca segment.
CEO Ralph Mupita highlighted concerns over inflation and currency devaluation in multiple markets.
The company’s 2022 financials revealed a 1.7% decline in EBITDA margin due to pricing pressures, fintech channel subsidies, and macroeconomic hurdles.
Although Guinea-Bissau, Guinea-Conakry, and Liberia contribute only 1.6% to MTN’s total revenue, the move aligns with the company’s strategic focus on optimizing its market presence.
MTN holds a significant market share, approximately 30%, in Guinea-Bissau and Guinea-Conakry, while Lonestar MTN is the second-largest telecom operator in Liberia.
The potential exit reflects MTN’s commitment to adapting its business strategy to navigate the evolving economic landscape and optimize its portfolio for sustained growth.
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