MTN, Airtel Partner to Boost Connectivity, Reduce Network Cost
MTN Group and Airtel Africa have signed a network infrastructure-sharing agreement in Nigeria and Uganda, aiming to reduce costs and expand mobile connectivity in underserved areas.
Under the agreement, both companies will explore various models of network...
Airtel to Pay $13bn Dividend Despite $549m FX loss
The board of Airtel Africa has proposed a final dividend of $3.27 per share for the year ending March 2024.
The telecoms giant will be paying $13.39bn dividend for the period under review, according to its audited...
Airtel Incurs $1.7 billion FX Loss over Currency Fall in Nigeria, Malawi
Nigeria's second largest telecom company, Airtel Africa, has reported significant financial setbacks as a result of currency devaluations in several of its key markets, notably Nigeria and Malawi, resulting in a staggering $1.7...
Telecom: Data, Airtime Subscriptions Rise 32.5% to N2.6tn in Nine Months
The amount spent on airtime and data by Nigerian telecom subscribers rose to at least N2.59tn in the first nine months of 2023.
This is according to the financial statements of MTN Nigeria and Airtel...
More Losses Projected as Nine Firms Lose N960bn in H1 - Report
Following foreign exchange reforms, Nigerian businesses have envisaged increased losses in the second quarter of the year.
Already, nine firms had lost N960.18bn to the new forex policy in the second quarter.
According to the...
