Telecoms firms post $5.531bn revenue

All the mobile network operators (MNOs) posted a total revenue of $5.531billion (N2.268trillion) as at last December as against N2.019trillion recorded in the preceding year, according to the latest report of the Nigerian Communications Commission (NCC).
 
According to the data, this reflects an increase of 12.33 per cent of total revenue from the MNOs while their total operating cost (OPEX) declined from N1.415trillion in 2019 to N1.395trillion at the end of last year.
 
This, NCC said, showed a slight decline (reduction in operational cost) of 1.46 per cent from the figures reported in 2019. The reduction in operating cost may have been as a result of investment in capital expenditures (CAPEX) that are more efficient…
 
More details through:
https://thenationonlineng.net/telecoms-firms-post-n2-268tr-revenue/
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