Between January and September 2022, MTN and Airtel earned N1.92 trillion on calls and data. This is information from MTN Nigeria Communications Plc’s and Airtel Africa’s Nigerian subsidiary’s financial results.
The telecoms made N1.62 trillion in calls and data revenue during the same time in 2021, an increase of 18.27 percent. According to MTN Nigeria, its customers spent N753.78 billion on calls and N549. 66 billion on data, respectively, while Airtel Nigeria customers spent N342. 7 billion ($780 million) and N274.6 billion ($625 million) on calls and data, respectively.
According to MTN’s findings, inflation, uncertainty in the supply chain, and a lack of foreign currency were straining the finances of both consumers and businesses.
Our operating environment remained difficult in the first nine months of 2022, it stated. According to MTN’s results, data traffic jumped by 70. 6% year over year, while Airtel reported that data consumption per customer rose to 4. 8 GB per month (from 3.9 GB in the prior period). MTN Nigeria Chief Executive
Officer Karl Toriola made the following comments on the rise of voice and data revenues: “Voice revenue climbed by 4. 4 per cent, sustaining a steady recovery as more users are reactivated, and gross connections continue to ramp up.”