Airtel Hits Jackpot, Rakes in N304 Billion in Revenue From Data Services

Airtel Hits Jackpot, Rakes in N304 Billion in Revenue From Data Services

  • Airtel Nigeria said it has made over N300 billion from data services in two months higher the one the company made the year before
  • The revenue saw a growing appetite for data consumption by the telecommunications company in the country
  • Statement from the company said it a 41 per cent jump in data revenue by its subscribers who increased their consumption from 2.8GB to 4.0GB in the period under review

Airtel Nigeria has raked in N304 billion ($734 million) from data services alone between March and April of 2022. The revenue was driven by data consumption by its subscribers.

It is a 41.1 per cent jump in data revenue in comparison to the N227.4 billion ($549 million) the firm made in the same period the year before.

Airte Nigeria, Data Services, Airtel Africa
Airtel Nigeria rakes in N304 billion from data Credit: DMEPhotography
Source: Getty Images

What Airtel Africa said about the revenue

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The parent company of Airtel Nigeria, Airtel Africa stated this in its financial result for the year ended March 2022 released on Wednesday, May 11, 2022.

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The company said that subscribers’ data usage surged from 2.8 GB per user per month in the year before to 4.0GB per month in the year under review.

Data consumption grew exponentially

It shows that the consumption of data by Nigerians has spiked over the last year. The company stated that its data subscriber base has expanded over the past year as it grew by 14.9 per cent while the data Average Revenue also jumped by 37.6 per cent.

The 41 per cent growth in Airtel’s data revenue overshadowed the 15.9 per cent voice revenue growth the company made in the year.

Telecom operators lament poor electricity supply, spend N360 billion on diesel cost

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Naira firms up at official market but loses at the black market, exchanges at N602 per dollar has reported that The telecommunication companies have cried out to the Nigeria Communications Commission (NCC) over the poor electricity supply in the country.

They said that the cost of running and powering telecom services across the country has jumped by 233.33 per cent in recent months to about N360 billion every month.

The Association of Licensed Telecoms Operators of Nigeria (ALTON) said the cost of diesel to run network towers, base stations and offices increased from N225 per litre to N750 per litre as of March 2022.


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