Popular Nigerian Network Service Providers, MTN Nigeria, Glo, Airtel Nigeria, and three other Mobile Network Operators have increased their assets by N804.08 billion or 0.38% for 2019.
Oyogist.com learnt the latest update was disclosed by the Nigerian Communications Commission in its 2019 Subscribers/Network Data Report released recently.
The Report showed that the total value of assets in the industry increased from N2.11trillion in 2018 to N2.91trillion as of the end of 2019.
MTN Nigeria reported the highest value in assets in 2019 at N1.53trillion, indicating a 63% increase from N939.56billion reported in 2018. Glo total assets maintained as of the end of 2019 was N598.17billion, representing a 1% growth from N592.08billion in 2018.
Airtel Nigeria’s assets grew by 43% in 2019 from N357.75billion in 2018 to N510.99billion as of the end of 2019.
9mobile formely Known as Etisalat rose to N217.05billion in 2019 Assests, recording 33% growth in assets.