MTN, Airtel generate N739bn in revenues in 4 months

MTN and Airtel, generated a combined N739 billion in revenues between June and September 2022, representing a 19.9 per cent growth from the N615.9 billion reported in the same period in 2021.

Data by the Nigerian Communications Commission (NCC) suggests that Nigerians recorded 173 billion minutes in outgoing calls and 86 billion in incoming calls in 2021.

Airtel reported that it made about N1,694 ($3.8) per user in three months, confirming how much Nigerians prioritize their communications, especially phone calls. MTN did not report its ARPU.