FinanceMore Africa NewsNigeria’s Telcos Rake In Billions In Revenue From Airtime Sales In August

September 24, 2019by myles

Telecom subscribers in Nigeria reportedly spent at least N261billion ($722mil) on airtime in August, according to figures provided by the Nigerian Communications Commission (NCC).
The monthly subscriber data taken from NCC also showed that there were no less than 174.668m active GSM subscribers from Airtel, 9mobile, MTN and Globacom in August.

With the telecommunications operators’ average revenue per user (ARPU) amounting to $4.87 (N1490.22) per month, Nigerians spent $722mil on airtime last month.
The core revenue of telcos is generated through airtime sales, and this income comes in for the operators via SMS, voice calls data subscriptions and other value-added services.

Nigerians buy airtime through different platforms such as the physical recharge card, the virtual top-up using USSD code, on Automated Teller Machines, subscribers’ bank accounts that are domiciled on mobile devices and on vending that is on web-based platforms.

Despite many predictions by analysts that Nigeria’s voice and messaging revenue would decline due to the proliferation of instant messaging apps, income from airtime continues to rise.

Source Nigeria Communications Week

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