MTN Nigeria Stretches Market Lead as Glo Consolidates 2nd Place
Published on: 20th Sep 2009
Note -- this news article is more than a year old.
Nigerian regulator the NCC has released statistics for the second quarter of 2009, revealing that the total customer base stood at 66.42m at the end of June. Annual growth stood at 32.8%, the lowest rate for eight years, although with penetration edging towards 50% (Q2 09 46.9%) such a slowdown is to be expected.
Quarterly net additions stood at 2.52m, down from 5.68m in Q2 08, although up on Q1 09's disappointing 0.91m.
Market leader MTN recorded the best figure for net additions for the fourth straight quarter, adding 1.43m to finish on 27.34m. This took its market share to 41.2%.
Meanwhile, Glo Mobile stretched its lead over Celtel, adding 0.42m to finish on 15.91m, with Celtel suffering its second consecutive quarterly loss (-0.46m) to finish on 14.65m. However, Glo was in third place for quarterly net additions behind Visafone, the largest of the CDMA operators, which added 0.54m to finish on 2.81m.