MTN Nigeria Reconnects 3.4Million Subscribers.

MTN Nigeria has reconnected 3.4 million subscribers that were disconnected in August following directive of the Nigerian Communications Commission. The group’s third quarter results indicated that the 3.4 million subscribers were part of the 5.1 million disconnected subscribers at the end of August 2015. MTN Nigeria reported that while management continued to engage with the regulator, performance was impacted by ongoing regulatory restrictions in the country. “Data revenue growth was impacted by a steep decline in data tariffs as a result of aggressive competition. The effective data tariff declined almost 60 per cent yearly”. MTN Group, formerly M-Cell is a South Africa-based multinational mobile telecommunications company, operating in many African, European and Middle Eastern countries. Its head office is in Johannesburg. MTN is the world’s 15th-largest mobile telecommunications company measured by subscribers as of 31 March 2014.