MTN Losses 7.6m Subscribers

MTN Nigeria Communications Plc (MTN Nigeria) has reiterated its commitment to serve the people well by pumping in N600 billion to expand its network across the country over the next three years.

MTN made the disclosure in a statement they released over the weekend.

Some of the report indicated that the active data users declined by approximately 52 to 32.5 million in the last one year but they managed to make some profit of N790.3 billion.

The statement partly read: “Earnings before interest, tax, depreciation, and amortization (EBITDA) grew by 27.6% to N417.2 billion,”

 Reacting to the news, MTN Nigeria CEO, Karl Toriola said,

 “In the first half of 2021, we made good progress strengthening the resilience of the business, managing the impact of the COVID-19 pandemic and enhancing support to our people, customers and other stakeholders.

“We extended our commitment to the Coalition Against COVID-19 (CACOVID) with an additional N3 billion contributions over a two-year period, half of which has already been paid. This is in support of efforts to promote the health and security of Nigerians, as we navigate our way through the pandemic; and in line with our Y’ello Hope initiatives through which we provided support to our broad base of stakeholders to the value of approximately N25 billion in 2020.”