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MTN leads as Nigerian Telcos’ assets rise


The assets of the six Mobile Network Operators in Nigeria increased from N2.11tn in 2018 to N2.91tn as of the end of 2019.

The details are contained in the latest report by the Nigerian Communications Commission.

According to the NCC report, MTN reported the highest value in assets in 2019 at N1.53tn, indicating a 63 per cent increase from N939.56bn reported in 2018.

For Globacom, the total value of assets as of the end of 2019 was N598.17bn, representing one per cent growth from N592.08bn in 2018.

On its part, Airtel Nigeria’s assets grew by 43 per cent in 2019 from N357.75bn in 2018 to N510.99bn as of the end of 2019.

For 9mobile, the asset grew to N217.05bn in 2019 from N162.64bn reported in 2018, representing a growth rate of 33 per cent.

The report stated that Smile’s assets reached N22.9bn as of the end of 2019, growing by 0.4 per cent from N22.8bn recorded in 2018.

Ntel, on its part, recorded 11 per cent decline in the value of assets in 2019, from N34.23bn in 2018 to N30.58bn in 2019.

The NCC reported that mobile operators as of December 2019 recorded a total revenue of N1.96tn as against N1.76tn recorded in 2018.


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