The fine imposed on MTN Nigeria has taken a toll on the company as the communications giant has reportedly lost 6.9 per cent of its subscriber base with 4.5 million subscribers disconnected in February 2016.
The drop related to the registration compliance process led to MTN Nigeria subscriber dropping to 57 million at the end of March this according to MTN Group’s first quarter financial report released by the mobile operator.
MTN Group reported disappointing Nigeria and South Africa subscriber growth as the company continues to feel the pressure of aggressive competition and stringent regulatory requirements. MTN reported a 1.4 per cent decline in the quarter for the period ending March 2016, impacted by the disconnections of subscribers in Nigeria.
MTN Group executive chairman, Phuthuma Nhleko speaking on the Nigeria operation said “We believe we have now dealt with all the subscribers who considered to be non-compliant. The operation continues to focus on reconnecting subscribers through proactive engagement and winback offers.