Airtel Nigeria hits 30 million subscriber base

07 Aug 2015
Financial Nigeria

Summary

The telco's growth was driven by its GSM network and a steady Internet penetration from residential and business segments.

Airtel's logo

Airtel Nigeria has attained 30 million subscriber base. With this, the local subsidiary of India’s Bharti Airtel, reached 20 percent market penetration in Africa’s most populous country and biggest economy.

The telco's growth was driven by its GSM network and a steady Internet penetration from residential and business segments.

"This is a great milestone for Airtel Nigeria which has been successful despite the numerous challenges in the market, notwithstanding the increasingly competitive telecoms landscape," Airtel Africa CEO, Christian de Faria said.

The total number of mobile subscribers in the country has risen from 144 million in May 2015 to 146 million in June 2015, with the subscriptions to fixed networks increasing from 181,625 in May 2015 to 182,643 within the same period, according to Nigerian Communications Commission.

Segun Ogunsanya, CEO and managing director, Airtel Nigeria said, “This achievement signals a major milestone in Airtel’s Africa growth story. It is a clear sign that our strategy is working and that our customers continue to enjoy the wide range of quality services that we offer. We remain committed and will continue to invest in Nigeria to tap into the huge potential that this market offers.”


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