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MTN Nigeria records 5.7 percent subscriber growth

By on October 27, 2012

MTN Sim Pack

Reports coming from MTN Nigeria indicate that the Network has reached an all time record of 45.6 million subscribers, which indicates a 5.7 percent growth in the third quarter of 2012.

According to a report released by the company yesterday, in Lagos, MTN group has recorded 182.7 million subscribers.

The statement reads in part: “The MTN Group delivered a satisfactory set of results for the quarter ended September 30, 2012, increasing subscriber numbers by 3.8 percent to 182.7 million across its operations in Afghanistan, Benin Republic, Botswana, Cameroun, Cote d’Ivoire, Cyprus, Ghana, Guinea Bissau, Guinea Republic, Iran, Liberia, Nigeria, Republic of Congo (Congo Brazzaville), Rwanda, South Africa, Sudan, Swaziland, Syria, Uganda, Yemen and Zambia.”

“This solid operational performance over the past quarter enabled MTN to increase guidance for net additions for 2012 from 21.25 million to 23.70 million.”

MTN said, irrespective of the fact that it has faced persistent challenges, it has shown a healthy improvement during the quarter, with a 5.7 per cent. The network however, stated that promotional activities have led to a serious decline in prices.

“Elasticity has steadily improved during the quarter and billable minutes of use increased by 24 per cent month-on-month (MoM) in September. Parts of the network have experienced some deterioration in congestion levels. Data continued to gain momentum, although growth in 2G data users was impacted by network congestion.”

The statement added, “Local currency ARPUs (average revenue per user) declined by 9.3 per cent for the quarter mainly due to lower tariffs. Network quality and capacity remains a priority and are being addressed through a comprehensive network rollout programme. This will be a key focus over the next six to 12 months.”