Video, calls push telecom spending to N3.86tn – NCC
TECHDIGEST – Increased video streaming and talk time raised the amount spent on telecom services to N3.86tn in 2022.
The Nigerian Communications Commission disclosed this in its newly released ‘2022 Subscriber/Network Data Annual Report.’
It noted that this was 18.74 per cent increase from the N3.25tn that was spent in 2021; an indication of sustained growth in Nigerians reliance on telecom services.
Providing a breakdown of the revenue, the commission noted that GSM operators made N3.33tn; Fixed wired operators made N385.07m; Internet Service Providers made N92.08bn; Value Added Service providers made N40.74bn; collocation and infrastructure sharing operators made N3.29bn; and other telecom operators made N5.59bn.
Also, while telecom service providers raked in N3.86tn as revenue, they spent N2.88tn on operating costs and capital expenditure, leaving them with a N977.44bn profit margin (before tax).
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According to the commission, the total number of active subscribers increased by 13.86 per cent to 222,571,568 active voice subscriptions as of the end of 2022, from 195,463,898 subscriptions in 2021.
Commenting on the increase, it said, “The increase in the operators’ subscriber base was attributed to a number of reasons which includes subscriber loyalty, promos, seasonal effects, aggressive consumer acquisition drive, and competitive product offerings across all the networks.”
It added that the increase could also be attributed to the lifting of the ban on the sale and registration of new SIMs, SIM swaps, and all porting activities following the conclusion of its audit of the subscriber registration database.
According to the NCC, the growth in active subscriptions impacted positively on other derived telecom indicators such as teledensity, Internet penetration as well as broadband penetration.
