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How MTN Nigeria Lost Over 5 Million Subscribers

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Over 5 million subscribers of , ’s largest mobile phone operator, have ditched their lines with the telco outfit in .

reported a slowdown in quarterly subscriber growth on Thursday, caused by stiff competition and tougher regulation in the Nigerian market.

said users increased 0.9 per cent in the three months to end-September, a slowdown from 2 per cent growth the same time a year ago.

Chief Executive Sifiso Dabengwa said the company’s subscriber base in fell marginally after more than 5 million users disconnected from the network having failed to register their cards.

“Aggressive price competition, weakening macroeconomic conditions in most of our markets and unfavourable exchange rate movements continued to impact financial performance for the quarter,” Dabengwa said.

Although mobile phone penetration is still well below 100 percent in , growth in users is set to slow sharply in the next five years because the industry finds little commercial logic in deploying networks in remote, rural areas.

Source: PMNews

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