…rides On Etisalat Blues
Latest data released by the Nigerian Communications Commission (NCC) reveals that MTN Nigeria had 52.3 million subscribers as of December 31, 2017, maintaining its leadership as the country’s largest telecommunication operator with a market share of 42.1 percent.
The information is contained on the telecoms regulator’s monthly Subscriber/Operator Data available on its Website.
The company added 2.5 million new subscribers between June and December 2017 in Nigeria and recorded a total of 217.2 million subscribers globally at the end of the financial year.
9mobile’s share fell by a little more than 200,000 subscribers. Airtel and Glo, however, gained more subscribers within the respective quarters as shown below.
MTN mobile money initiative, which is active in 14 markets, gained the patronage of 22 million customers. In December alone, $5.3bn worth of transactions were carried out on the platform by 325,000 active agents.
The mobile money customers grew by 38 percent from 16.1 million in 2016 year-on-year.
As regards its listing on the Nigerian Stock Exchange which it said was subject to market conditions and requisite regulatory approval, the company said it had engaged with Nigeria’s Securities and Exchange Commission and the NSE extensively on the structure and parameters of the listing.
According to MTN, it has obtained its shareholders’ approval in principle to prepare for the listing, including amendments to its corporate structure.
It added that the company’s management had already initiated its corporate governance rating scoring with the NSE with a view to listing on the NSE’s Premium Board.