4G Expansion Boosts Telcos’ Revenue By $358.4m

The increase in 4G coverage is helping the country’s broadband penetration target as the operators profit from increased revenue.
 
Telecommunications operators in Nigeria are now reaping increase in revenue from their investments in the fourth generation network, 4G, New Telegraph has learnt. The financial results released by two of the leading operators, MTN and Airtel, showed data revenue has maintained steady growth as the operators increase their 4G coverage. With this, the two operators recorded a total of $348.4 million (N136.2 billion) as data revenue between June and September this year. Specifically, MTN in its financial statement for the third quarter ended September 2020, posted a 55 per cent increase in data revenue from N56.3 billion recorded in the same period last year to N87.6 billion. Similarly, Airtel in its results for the second quarter ended September 2020, recorded a 36.7 per cent growth in data revenue to N48.6 billion…
 
More details through:
https://www.newtelegraphng.com/4g-expansion-boosts-telcos-revenue-by-n136-2bn/