600,000 Active Subscribers Deactivated by MTN Nigeria

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  • 600,000 Active Subscribers Deactivated by MTN Nigeria

MTN Nigeria said it has deactivated 600,000 active subscribers in accordance with the Nigerian Communications Commission directive to deactivate partially registered SIM cards.

The telecom company added 100,000 subscribers to take its total subscribers to 61.6 million in the nine months ended September 30, 2019.

Speaking on the performance, Ferdi Moolman, Chief Executive Officer, MTN Nigeria, said, “Our performance was very encouraging, demonstrating the resilience of our business despite a challenging operating environment. We sustained double-digit growth in service revenue led by growth in voice and data revenue.

“We recorded 61.6 million subscribers, representing a 0.1 million increase QoQ. We were required to undertake a SIM re-registration process, which resulted in a disconnection of around 0.6 million active subscribers, limiting base growth. During the quarter, we focused on the end-to-end optimisation and repositioning of our data offerings,” he said.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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