MTN Nigeria and Airtel Nigeria made N720.07 billion from Voice, Data, and Other services between January and March 2021. This is an increase of N108.7 billion from the N611.34 billion they recorded within the same period in 2020.
This was confirmed from the financials of the two biggest Telecommunications outfits in Nigeria.
The reports disclosed that while Airtel made N334.76 billion from Voice, Data, and Others, MTN made N385.32 billion from the same services between January and March 2021.
Highlights of financials (MTN)
The company has strategically positioned itself and made expansionary decisions to reach where it is – the second most capitalized stock in the NSE. MTN Nigeria’s (MTNN) Q1 2021 financials show that the company has it good.
- It made N208.62 billion as Voice revenue against N194.04 billion made in the same period in 2020.
- It recorded N105.7 billion from Data as revenue, up from N74.01 billion recorded in 2020.
- Others: N70.99 billion against the N61.12 billion recorded in 2020.
- MTN also made N10.67 billion from SMS against N3.34 billion realised from this sector in 2020.
Airtel Nigeria
In the case of Airtel, the Telco also recorded growth in its revenues across Voice, Data, and Other revenues in Q1 2021.
- Voice revenue: N173.55 billion against N145.52 billion realised in Q1 2020.
- Data revenue: N98.7 billion against N90.3 billion realised in Q1 2020.
- Other revenue: N62.51 billion between January and March 2021, up from N46.32 billion in Q1 2020.
- In its 2020 figures, growth was recorded across all regions: Nigeria up 21.9%, East Africa up 23.5%, and Francophone Africa up 10%; and across key services, with revenues for Voice up 11.0%, Data up 31.2%, and Mobile money up 35.5%.
What you should know
MTN commands the market share for internet subscriptions, owning about 42% of the market. MTN also controls 40% of the Voice market share, the highest compared to any other competitor.
The brunt’s on us choiceless subscribers. But it’s still value for money compared to dud phcn power supply. Take all my money, yeah?!
These Telcom companies should be quarried along side with JAMB for their heinous acts towards the students who were made to several thousands of naira trying to secure their NIN . In fact , Nigerians demand to know how much they generated from the sms they sent to 55190.
The most wicked act is that non of the students spent less than 1000 while the unlucky ones spent as much as 10, 000 before they could generate. Some are even unlucky for not able to generate toll JAMB closed. Some generated theirs on the 26th ,got to the registration centres on 27th ,but JAMB had shut down registration even before the deadline of 29th deadline.
Why will they not triple their profit ?
This is one of the reasons these children will grow never to be patriotic citizens. No one seems to fight their cause for them .
Such a wicked world!!! Telecom companies just derive joy in exploiting us . But I don’t blame them ! It’s me that came online
I swear this country is something else