In H1:2022, MTNN’s revenue increased by 20.07% YoY to NGN950.05bn. The increase in revenue was driven by higher revenue across business segments; Voice (+2.91% YoY), data (+51.59% YoY), and fintech (27.81%YoY). The company added 5.7 million subscribers during the period, increasing its total subscriber base to 74.1 million (+7.55% YoY).
In Q1:2023, AIRTELAFRI recorded an increase in revenue by 13.04% YoY. The revenue growth is attributable to increase in both subscriber base (+8.94% YoY to 131.6 million) and Average Revenue Per User (+3.23%YoY) to USD3.2. The telco giant also witnessed growth across its operating segments; voice (+8.54% YoY), data(+17.42% YoY), and Mobile Money (+28.23% YoY).
