Airtel,MTN Rake In  N720bn In Q1

MTN Nigeria and Airtel Nigeria made N720.07 billion from voice, data, and other services between January and March 2021.

The revenue represents  increase of N108.7 billion from the N611.34 billion the mobile companies  earned in the first quarter of last year,according to their financials .

While Airtel made N334.76 billion from voice, data and others,MTN raked in  N385.32 billion from the same services between January and March 2021.

MTN Nigeria  made N208.62 billion as voice revenue against N194.04 billion made in the same period in 2020.

It recorded N105.7 billion from Data as revenue, up from N74.01 billion recorded in 2020.

It recorded N70.99 billion against the N61.12 billion recorded in 2020.

MTN also made N10.67 billion from SMS against N3.34 billion realised from this sector in 2020.

Airtel, the telco also recorded growth in its revenues across voice, data and other revenues in Q1 2021.

It  posted N173.55 billion against N145.52 billion realised in Q1 2020 in its voice revenue

Revenue from data was N98.7 billion against N90.3 billion realised in Q1 2020.

Other revenues included N62.51 billion between January and March 2021, up from N46.32 billion in Q1 2020.

In its 2020 figures, growth was recorded across all regions: Nigeria up 21.9%, East Africa up 23.5%, and Francophone Africa up 10%; and across key services, with revenues for Voice up 11.0%, Data up 31.2%, and Mobile money up 35.5%.