MTN Nigeria has established itself as a dominant player in the telecommunications industry, with a network infrastructure covering 92.0% of the population, which enabled the company to amass an impressive subscriber base of 75 million mobile users.
On the data front, MTNN boasts an excellent 4G population coverage of 79.3%, the highest among all MNOs in Nigeria. As a result, MTNN currently holds a substantial 66.0% market share in the 4G segment. Furthermore, MTNN has taken the lead in the next generation of mobile networks by being the first MNO to launch a 5G network in the country.
The recently launched MoMo business has also proven to be a significant success. In Q1'23 alone, the number of active MoMo PSB wallets increased by 1.2 million, reaching a total of 3.2 million. This growth reflects the positive reception of MTNN's financial services offering, which aims to provide convenient access to financial products and services for its customers.
