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Airtel Nigeria revenue dropped by 40.34% to $738 million for 9 months ending Dec 2024

Summary by technext24.com
Nigeria’s second-largest telecom operator, Airtel Nigeria, saw its mobile services revenue decline to $738 million for the year ending December 31, 2024. This represents a 40.34% decrease from the $1.2 billion recorded in the previous year.  Contained in an annual financial report dated January 2025, the breakdown of the mobile service saw voice revenue slip by 46.34% to $315 million and data revenue drop to $344 million in December 2024. This r…
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innovation-village.cominnovation-village.com

Airtel Nigeria's Revenue Drops 40.34% Amid Naira Devaluation, Tariff Hike to Boost 2025 Recovery - Innovation Village | Technology, Product Reviews, Business

Airtel Nigeria, the country’s second-largest telecom operator, reported a 40.34% decline in mobile services revenue, which fell to $738 million for the year ending December 31, 2024, from $1.2 billion in the previous year. The drop was primarily due to the significant devaluation of the Nigerian naira, which lost over 40% of its value. Despite these challenges, the company remains optimistic, supported by a recent tariff hike and growing demand …

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Techpoint.AfricaTechpoint.Africa

Airtel Nigeria's revenue drops 40% in 2024 amidst naira devaluation

Airtel Nigeria’s revenue fell 40.34% to $738M in 2024 due to Naira devaluation, despite a 3.2% rise in customers and 37.2% growth in data usage.

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technext24.comtechnext24.com

Airtel Nigeria revenue dropped by 40.34% to $738 million for 9 months ending Dec 2024

Nigeria’s second-largest telecom operator, Airtel Nigeria, saw its mobile services revenue decline to $738 million for the year ending December 31, 2024. This represents a 40.34% decrease from the $1.2 billion recorded in the previous year.  Contained in an annual financial report dated January 2025, the breakdown of the mobile service saw voice revenue slip by 46.34% to $315 million and data revenue drop to $344 million in December 2024. This r…

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technext24.com broke the news in on Thursday, February 20, 2025.
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