Earnings Report /
Nigeria

MTN Nigeria: 9M 21 data revenue continues to take the spotlight

  • MTNN’s revenue and EPS grew by 24% and 53% yoy, respectively

  • The total subscriber base declined, but data subscribers increased, building momentum for voice revenue cannibalisation

  • The outlook for the company remains positive. We reiterate our Buy recommendation

MTN Nigeria: 9M 21 data revenue continues to take the spotlight
Ayobami Omole
Ayobami Omole

Research Analyst

Tellimer Research
3 November 2021
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