MTN Nigeria announced today it has acquired an additional 10MHz spectrum in the 800MHz band.
The company said it bought the spectrum from Intercellular Nigeria Limited.
MTN did not disclose the amount it paid to buy the spectrum.
The Nigerian Communications Commission (NCC) has approved the transaction and assigned the frequency to MTN Nigeria, the company said.
MTN said the acquisition will significantly improve customer experience, in line with our commitment to deliver excellent service quality to our subscribers.
“Through this acquisition, we will be better positioned to support the deepening of broadband penetration in the country,” Karl Toriola, CEO of MTN Nigeria said.
“The added resources will also greatly impact our customers’ experience providing even better internet connectivity. It is our goal to keep finding ways to grant everyone access to a modern connected life.”
MTN Nigeria delivered considerable growth in its base, connecting 12,2 million new
subscribers to its network in the year to end-December 2020.
The growth in our subscriber base provided support for voice revenue, which accounted for 67,0% of service revenue and rose by 5,6%*, with an acceleration in growth to 8,9% YoY in H2, the company said.
“This was enabled by our expanded customer acquisition touchpoints, rural telephony initiatives and revamped acquisition offers,” it added.
“The suspension of new SIM registration in mid-December did not have a significant impact on voice revenue as we saw an increased level of activity from the existing base.”
Data revenue rose by 51,7% for the year, maintaining the positive momentum from the
effects of COVID-19 lockdowns. “The performance in data was enabled by a combination of
increased subscribers, usage and ultimately traffic, which was in turn supported by increased network capacity and 4G penetration. Data traffic rose by 126,5% and average usage by 64,0%.”
MTN Nigeria added 8,2 million new smartphones to the network, bringing smartphone penetration to 45,9% of our base, up from 41,9% in 2019.