MTN Nigeria says the decline of its subscribers to 58.4 million September ending was caused by ‘regulatory restrictions’ imposed by the telecoms watchdog and growing spate of unrest by Boko Haram in the Northern part of the country.
MTN Group, the South African mobile telephony group that owns MTN Nigeria says the ‘dominant operator’ declaration by the Nigerian Communications Commission (NCC) is hurting its local business where it remains the biggest mobile phone company by subscriber numbers.
“MTN Nigeria reported a marginal decline in its subscribers to 58.4 million, largely impacted by regulatory restrictions relating to the “dominant operator” ruling and continued unrest in the northern region during the quarter. While this muted subscriber performance is expected to impact revenue growth for the second half of the year, by mid-September the operation had resolved a number of issues with the regulator resulting in an improvement in subscriber growth”, according to MTN Group’s quarterly report for the period ended September 30, this year.
Meanwhile, latest market updates by NCC as at August this year shows MTN Nigeria continues its unchallenged leadership in the Nigerian telecoms market with 58,271,212 active lines and 45% of the mobile market ahead of rival Globacom, Airtel Nigeria and Etisalat Nigeria.
Within the period, Globacom, posted 27,483,195 active lines to control 21% market share; Airtel Nigeria recorded 25,428,448 active lines to gain 19% market share and Etisalat Nigeria accounted for 19,684,597 active lines to gain 15%, according to the regulator’s figures.
* Editor’s Note: Please check back for more updates on this report
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tags: MTN Nigeria