L
LequteMan
Guest
According to Pyramid Research, Nigeria’s burgeoning telecommunications sector generated $9.8 billion revenue in 2014, 6.8 per cent higher than what it had in 2013.
It said the mobile voice segment was the largest revenue contributor with $7.3 billion ($219 million more revenue in 2014 than in 2013).
It projected that mobile data and Pay-TV will grow at CAGRs of 16.0 per cent and 5.2 per cent, respectively, over the 2014-19 period to reach $3.8 billion and $647 million.
The top two operators, MTN Nigeria and Airtel Nigeria, which provided fixed-line, mobile and Internet services, accounted for 68.0 per cent of overall service revenue in 2014.
It disclosed that both operators are investing in 3G and fiber networks to cater to the increasing demand for data and Pay-TV services.
It said the mobile voice segment was the largest revenue contributor with $7.3 billion ($219 million more revenue in 2014 than in 2013).
It projected that mobile data and Pay-TV will grow at CAGRs of 16.0 per cent and 5.2 per cent, respectively, over the 2014-19 period to reach $3.8 billion and $647 million.
The top two operators, MTN Nigeria and Airtel Nigeria, which provided fixed-line, mobile and Internet services, accounted for 68.0 per cent of overall service revenue in 2014.
It disclosed that both operators are investing in 3G and fiber networks to cater to the increasing demand for data and Pay-TV services.