Wireless Telecommunication Services
Company Overview of MTN Nigeria Communications Limited
MTN Nigeria Communications Limited provides cellular telecommunications services in Nigeria. It offers cellular network access and ICT solutions. The company also provides Internet services, such as video calling, data services and Internet browsing, mobile Internet, and mobile WiFi services. In addition, it offers international roaming services, including data roaming, in-flight roaming, and WiFi roaming services. Further, the company provides voice SMS, fashion and lifestyle tips, mobile TV, bulk SMS service, mobile newspaper, radio, back up, conference call, and missed call alert services. The company was founded in 2001 and is based in Lagos, Nigeria. MTN Nigeria Communications Limited o...
Founded in 2001
Key Executives for MTN Nigeria Communications Limited
Chief Marketing & Strategy Officer of MTN Group Ltd
Human Resources Executive
Compensation as of Fiscal Year 2014.
MTN Nigeria Communications Limited Key Developments
MTN Reportedly Close To Acquiring Visafone
Apr 13 15
MTN Nigeria Communications Limited is close to acquiring a stake in Visafone Communications Limited for an unspecified sum, according to two people familiar with the matter. “The deal is done. We're almost putting ink to paper,” a source close to the deal was quoted to have said.
MTN Nigeria In The Process of Buying Visafone Communications
Apr 9 15
MTN Nigeria Communications Limited has started the process Visafone Communications Limited, according to two people familiar with the matter. Funmilayo Onajide, a spokeswoman for MTN’s Nigerian unit in Lagos, said, "We will send a holding statement at the appropriate time."
MTN Nigeria Announces Audited Earnings Results for the Year Ended December 31, 2014
Mar 4 15
MTN Nigeria announced audited earnings results for the year ended December 31, 2014. The company grew its subscriber base by 5.5% in 2014, increasing total subscribers to 59.9 million. This was a satisfactory performance given regulatory restrictions relating to the regulator's 2013 ruling that declared the company a 'dominant operator'. Performance was underpinned by improved segmented offerings to high value customers and seasonal promotions aimed at growing subscribers and increasing usage. The operation reported 1.5 million net additions in the last quarter following regulatory approval of select promotional offerings from October 2014 onwards. Total revenue increased by 12.1% or 3.7% in constant currency terms, below expectations, although MTN's revenue market share remained stable. Growth in revenue was impacted by a decline in on net traffic due to the dominance ruling and lower than anticipated subscriber numbers. Data revenue continued to grow strongly, increasing by 28.3% to contribute 18.6% of total revenue at year end. This was mainly a result of the 18.1% increase in data users, increased smart phone penetration and the introduction of products such as the 4.5G smart phone data plan. The EBITDA margin was increased by 1.6% points to 58.6% on a like for like basis (excluding the reversal of the management fee in 2013). This was supported by cost optimization initiatives, including a revised commission structure and managed services implemented during the year. In December, costs were affected by the sale of the company's towers to the tower company and the subsequent lease expenses incurred. During the year, the company's capital expenditure was aimed at meeting the growing demand for data. Although capex declined by 41.4% in the year, sufficient quality and headroom has been achieved on the network and the operation has the flexibility to rapidly roll out as required.
Similar Private Companies By Industry
Recent Private Companies Transactions