• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Nigerian telecoms industry shows improving fundamentals

CSL Stockbrokers by CSL Stockbrokers
September 2, 2019
in Business News, Markets, Op-Eds, Politics, Research Analysis
Umar Garba. Nigeria Telecoms
Share on FacebookShare on TwitterShare on Linkedin

Last week, the Nigerian Communications Commission (NCC) released a flurry of July data for the telecommunications industry. The data published were broadly positive reinforcing our stance on the telecommunications industry being the bright spot of the weak economy. According to the data published by the NCC, the number of mobile subscribers grew 0.5% m/m and 8.2% y/y to 174.7 million subscribers while Internet subscribers grew 0.3% m/m and 18.3% y/y to 122.7 million subscribers.

Furthermore, broadband subscription grew 1.2% m/m and 33.6% y/y to 64.4 million subscriptions in July while broadband penetration expanded to 33.7% in July 2019 from 33.3% in June 2019 and 25.3% in July 2018.

[READ ALSO: This WorldRemit’s product is a go for SME business owners]

RelatedStories

9mobile, MTN to roll out National Roaming nationwide before end of July 

9mobile, MTN to roll out National Roaming nationwide before end of July 

July 3, 2025
Karl Toriola, MTN Nigeria

NCC vs MTN: AGF to decide on criminal charges facing CEO Karl Toriola 

July 2, 2025

Breaking down the mobile subscribers’ numbers, MTNN remained the biggest player by subscribers with a subscriber base of 65.3 million (37.4%) while Airtel Nigeria overtook GLO NG as the second-largest player by subscriber base with 46.8 million subscribers (26.8%) compared to GLO NG’s 46.7 million subscribers (26.7%). Meanwhile, 9mobile extended its 4-month streak of losing subscribers with its subscriber base now at 15.7 million (9.0%) from 16.4 million at the start of the year.

The reasons for the strengthening fundamentals in the telecommunications industry are not far-fetched with broadband penetration still at 33.7% and 4G coverage below 30.0%. Operators within the industry have invested heavily in network infrastructure across the country in a bid to spread 3G/4G band with coverage. Furthermore, the increasing use of smartphones aided by a young population demographic has helped raise the number of internets and mobile subscribers.

An increasingly digitized economy and rapid urbanization remain some of the key factors influencing industry growth. Going forward, we expect sustained growth across the telecoms industry KPIs at least in the medium term. Thus, we expect this would feed positively into the performance of key listed telecoms operators.

[READ ALSO: Why telcos should double $70 billion investments – NCC]


CSL STOCKBROKERS LIMITED CSL Stockbrokers

Member of the Nigerian Stock Exchange

First City Plaza, 44 Marina

PO Box 9117

United Kingdom

Lagos State

NIGERIA

 

 


Follow us for Breaking News and Market Intelligence.
Tags: 9MobileAirtel NigeriaGlo NigeriaMTN NigeriaNigerian Communication Commission
CSL Stockbrokers

CSL Stockbrokers

Related Posts

9mobile, MTN to roll out National Roaming nationwide before end of July 
Corporate deals

9mobile, MTN to roll out National Roaming nationwide before end of July 

July 3, 2025
Karl Toriola, MTN Nigeria
Legal & Regulations

NCC vs MTN: AGF to decide on criminal charges facing CEO Karl Toriola 

July 2, 2025
Federal High Court, REA
Legal & Regulations

9mobile Ownership Battle: Court set to decide on 43 Million shares by Sept 24 

July 2, 2025
MTN
Companies

NCC approves three-year national roaming deal between MTN Nigeria and 9Mobile 

July 2, 2025
MTN gains as SWOOTs capitalization close at N18.835 trillion.
Sectors

MTN Nigeria backs FG’s 3MTT initiative with N3 billion grant 

June 24, 2025
Access Bank
Financial Services

Inside Access Bank’s N180 billion claims against MTN 

June 13, 2025
Next Post
SEC, Primary and secondary school students to start taking classes on Capital Market 

SEC to address investment concerns through Complaints Management Framework  

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • UAE to introduce four new visa categories for AI, Events, others from August 10 
  • Jigawa Govt allocates over N4.2 billion for flood mitigation and emergency response 
  • Nigeria to US Government: Your ‘Visa policy’ places disproportionate burden on Nigerian travellers 

Follow us on social media:

Recent News

UAE

UAE to introduce four new visa categories for AI, Events, others from August 10 

July 10, 2025
Lagos state govt warns communities near rivers and lagoons of dangerous flash floods 

Jigawa Govt allocates over N4.2 billion for flood mitigation and emergency response 

July 10, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics