By Prince Osuagwu, Hi-Tech Editor
MTN Nigeria, yesterday, announced an addition of 2.1 million new subscribers to its network at the end of the first quarter 2019.
The telecom company now has about 60.3 million subscribers, making it the mobile network operator with highest number of subscribers in Nigeria.
In an unaudited result released by the telco yesterday, for the quarter ended March 31, 2019, it also announced an increment in service revenue by 13.4 percent even as it grew voice revenue by 12.7 percent.
The company also claimed it grew other aspects of earnings, including data revenue, by 32.4 percent and Fintech revenue by 22.9 percent.
Its Earnings Before Interest, Taxes, Depreciation and Amortisation, EBITDA, margin also increased by 11.5 percentage point to 53.3 percent in an International Accounting Standard, IAS, 17: 44.2 percent basis.
It, however, declared a loss in digital revenue which decreased by 68 percent.
MTN said releasing the unaudited result was in…
