Tag: Airtel
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MTN, Airtel Cut their Foreign Exchange Debt by $867 Million
Despite resilient revenue growth, telecommunication companies are cutting back on their foreign exchange exposure as the sharp drop in the naira continues to result...
Telcos profit from massive infrastructure investment
Telecommunication companies appear to be benefiting from their large investments in network infrastructure based on the upward trend in data revenues.
Over time, the service...
MTN and Airtel’s FX-induced N511bn loss obscures strong Q1 performance
Strong underlying performances by Nigerian telecommunications businesses listed on the stock exchange in the first quarter of 2024 were overshadowed by foreign exchange losses.
Strong...
Airtel Records $549M Foreign Exchange Loss on Naira, Kwacha Devaluation
Airtel Africa, Nigeria's second-largest telecoms operator, recently announced substantial financial setbacks due to currency depreciation in important markets such as Nigeria and Malawi.
For the...
Glo, MTN, Airtel, Others Move To Increase Tariff
The telecommunications companies operating in Nigeria mainly Glo, MTN, Airtel and 9Mobile are asking the Tinubu-led administration to facilitate constructive dialogue in the industry.
According...
