BY DAYO ADESULU
MTN Nigeria has revealed some unbeatable investments in some powerful communication equipments which makes it pretty easy to begin the 5G technology in Nigeria.
Speaking on Friday while declaring its profit and dividend of the year to stakeholders, MTN Nigeria Chief Executive Officer, Ferdi Moolman said the company closed the year with 132 cities covered by 4G.
He added that it became the first mobile network operator in West Africa to demonstrate the capability of 5G technology.
Moolman said: ”Corresponding with the increase in our active data subscriber net additions by 2.9 million in Q4 2019, our 4G population coverage rose by 8.4pp to 43.8 per cent, giving people in 68 additional cities access to 4G.”
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“In total, we added 6.1 million new subscribers to our network in 2019. ”Although the last quarter is usually seasonally strong, service revenue growth (14 per cent) in Q4 outpaced the seasonal effect.
“In the third quarter, we focused on several initiatives to enhance coverage and drive data usage penetration.
”These initiatives include optimising frequencies, expanding our 4G network coverage with over 6,000 additional sites leveraging 800MHz spectrum and repositioning our commercial data offerings.
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“It is pleasing to note that the promising results we reported at the end of Q3 2019 accelerated in the fourth quarter.
”Corresponding with the increase in our active data subscriber net additions by 2.9 million in Q4 2019, our 4G population coverage rose by 8.4pp to 43.8 per cent, giving people in 68 additional cities access to 4G.
”Also, active data users increased by 6.5 million to 25.2 million while service revenue increased by 12.6 per cent to N1.2tn.”
