MTN announced today that its Nigerian operation has added 5.7 million new susbcribers in nine months ended 30 September 2022
The telco said mobile subscribers rose by 9.7% to 74.1 million
MTN aaded that active data users increased by 14.6% to 38 million, adding 3.7 million new active users.
The operation’s active fintech subscribers rose by 68.7% to 11.2 million or 1.8 million active MoMo wallets since the launch of MoMo Payment Service Bank (PSB).
“The investments we make to enhance the quality and coverage of our network
continue to yield positive results, driving higher data usage and an expansion of our
user base,” said MTN Nigeria CEO Karl Toriola.
“We added 3.7 million active data subscribers in the nine months, with 4G population coverage at 77.1% (up 7.9pp YoY). 4G traffic now constitutes 80.4% of the total, reflecting a 9.2pp YoY increase in its contribution.
“Following the commercial launch in September 2022, MTN Nigeria became the first
mobile network operator to roll out 5G network in Nigeria, providing coverage in key
cities in the six geopolitical regions. 5G provides the foundation on which future
network performance will be built and puts MTN Nigeria at the forefront of delivering
technological advancements in the country.”
Toriola said the company remain excited about the prospects of its fintech business and will
aggressively pursue its expansion and growth. “It will play a pivotal role in driving
financial inclusion in the country.”
MTN added over 430 000 fixed broadband users, bringing its total user base to 1.1 million.
“We continue to advance our home broadband strategy with the commercial launch of the 5G network, providing coverage in key cities in the six geopolitical regions,” he said.
“Consequently, we deployed 5G routers delivering up to ten times 4G download speed and creating experiences that position MTN as the broadband service provider of choice.”