Finally, MTN Nigeria Communications Plc

Finally, MTN Nigeria Communications Plc

Finally, MTN Nigeria Communications Plc. MTN Nigeria is going public at the Nigerian Stock Exchange.  This conversion is a huge milestone; from a private company to a public one for the telecom giant in Nigeria. The numbers are already great!

MTN Nigeria had a really great 2018: everything was up, from ARPU to revenue to subscribers. In short, they made history on revenue. From the 2018 full year investor presentation, the mobile giant recorded revenue of N1.03 trillion, the first by a Nigerian company in the broad consumer sector.  That revenue is a 17.1 percent year-on-year increase, from N887 billion in 2017, accounting for 28.2 percent of revenue made by MTN worldwide.

 

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