Grapevine

MTN, Airtel rake in N3.67tn from data, voice services

The revenue includes N726.6bn from data services, reflecting a 55 per cent increase from N469.7bn in the same period in 2023. Voice services also grew, with revenue reaching N541.3bn, up from N474.1bn year-on-year.

The operator, which has been serving Nigeria’s vast population for two decades, attributed this growth to enhancements in service quality and the robust demand for data services. Price optimization strategies implemented in Q4 2023 further fueled this growth.

Although voice revenue experienced a significant decline of 55.8 per cent from $254m in the same quarter last year, it increased by 21.6 per cent in constant currency terms, its financial report showed.

Data revenue also declined by 48.6 per cent from $228m in the previous year, but constant currency figures showed a robust growth of 41.3 per cent, indicating rising demand for internet services.