By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: MTN Nigeria Loses Customers.
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

MTN Nigeria Loses Customers.

Damilola A.
By Damilola A.
Published: October 22, 2015
Share
2 Min Read
SHARE

MTN.jpgMTN Group Ltd., Africa’s largest wireless operator, cut its full-year subscriber forecast after it had customers disconnected in Nigeria by regulators and as the number of clients using contracts in South Africa fell.

The company will add 14.8 million net subscribers this year, compared with a previous forecast of 16.75 million, Johannesburg-based MTN said in a statement Thursday. The carrier’s customer base grew 0.9 percent to 233 million in the three months ended September compared with the previous quarter.

MTN, which operates in more than 20 countries across the Middle East and Africa including Iran and Syria, has dropped 18 percent this year, compared with a 7.1 percent gain on the FTSE/JSE Africa All Share Index. The stock was little changed at 182.11 rand as of 10:50 a.m. in Johannesburg.

In Nigeria, the decline in customers was mainly a result of the disconnection of 5.1 million subscribers at the end of August in line with “industry-wide regulatory requirements,” the company said in the statement. “While management continues to engage with the regulator, performance continues to be impacted by ongoing regulatory restrictions.” The company said it has reconnected 3.4 million of the subscribers.
Customer using contracts in South Africa fell 2.6 percent to 5.2 million, due in part to “low availability of handsets,” MTN said.

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:MTNNigeria
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByDamilola A.
Entertainment News Reporter
Follow:
Damilola is a dedicated entertainment writer for Okay Nigeria (Okay.ng). He joined the platform with the aim of using his experience in the Entertainment industry to share wonderful articles in this field. Dammy is a die-hard fan of Wizkid.
Previous Article 20 Shot Dead By Boko Haram in Borno
Next Article How Amaechi Answered Questions on Corruption During His Ministerial Screening.

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Kano Governor, Emir Sanusi, and Jigawa Leaders Attend Alhaji Aminu Dantata’s Burial in Saudi Arabia
News
Two Firefighters Killed in Idaho Wildfire Ambush as Gunman Opens Fire
International
FG Rewards 18 Civil Servants with Cars, Laptops for Outstanding Service
News
FG Allocates N1.6tn to States, FCT for Infrastructure and Security Over 15 Months
News
PDP Crisis Deepens as Rival Factions Prepare for Separate NEC and National Caucus Meetings in Abuja
Politics Top stories
- Advertisement -
Ad imageAd image

You May Also Like

Energy & Oil

Dangote Refinery Unveils N720bn CNG Truck Fleet to Slash Fuel Costs, Save Nigeria Over N1.7trn Annually

Muhammad A. Aliyu
Muhammad A. Aliyu
June 30, 2025
Security

Nigerian Troops Neutralize Terror Kingpin Mai Dada, Recover Arms in Multi-Region Operations

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
News

NNPP Welcomes Possibility of Rabiu Kwankwaso Joining APC Amidst Ganduje’s Resignation

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?