Connect with us

Telecom

Reloaded Nokia 8110 4G Arrives in Nigeria

Published

on

Kindly share this post

HMD Global, the home of Nokia phones, has announced that the Nokia 8110 4G is now available to buy from accredited dealers for N24, 000 from 28th May, 2018.

Reloading the legendary Nokia 8110, this 4G feature phone comes complete with the elegantly curved slider design. Giving you the chance to switch off, have fun and relax with the knowledge that all your smartphone essentials are there when you need them.

Olumide Balogun, Head of Marketing, HMD Global West Africa noted that “With a familiar and easy to use interface, the Nokia 8110 4G features intuitive tactile mechanics, with slide to answer and end calls, as well as an addictive helicopter-style spin on its axis.

It comes with the craftsmanship you expect from a Nokia phone, delivering durability and reliability as standard.”

The Nokia 8110 4G delivers crystal-clear VoLTE calling and is perfect for anyone who wants an iconic 4G feature phone or a companion phone.

With access an app store, for favourites like Google Assistant, Google Maps, Google Search, Facebook and Twitter, send and receive emails or import your contacts and sync your calendar with Outlook and Gmail.

To keep it running flawlessly, the Nokia 8110 4G features the Qualcomm® 205 Mobile Platform.

With its Wi-Fi connection you can turn your Nokia 8110 4G into a portable hotspot to share your internet connection with other devices, friends and family.

With two vibrant colours to choose from, Traditional Black and Banana Yellow, the Nokia 8110 4G has everything you loved reloaded, including a revamped Snake game. Available from 28th May.


Kindly share this post
Continue Reading
Comments

Telecom

MTN Fetches $142.32m from Sale of Jumia Stake

Published

on

Kindly share this post

MTN raised $142.32 million from the sale of its 18.9% interest in Jumia Technologies, online retailer, as part of its asset optimisation strategy that has seen it exit some of its non-core business ventures.

MTN Fetches $142.32m from Sale of Jumia Stake

The company, which is Africa’s largest mobile operator, is in the process of consolidating its mobile technology assets to focus on the African market, which has been its stomping ground for years.

Jumia, which is listed in New York, operates in 14 African countries and is considered a market leader in e-commerce, with a market capitalisation of $1.3 billion.

MTN said it had exited the company as part of its “asset realisation programme”.

It also fetched R204 million from the localisation of its 8% shareholding in MTN Zambia.

The company said in August it would begin its exit out of the Middle East by selling its 75% stake in Syria to Romanian technology investment company TeleInvest, in a process which would take between three to five years.

The offloading of a stake in Iran’s ride-hailing app Snapp is also being considered.

In an operational update on Friday, MTN said its growth in the third quarter was supported by strong performance of its operations in South Africa, Nigeria and Ghana, which saw it add 12 million subscribers to hit 273 million users across its 21 markets.

Service revenue during the quarter increased by 11.4% to more than R43 billion, as Covid-19 restrictions drove demand for data usage.

“We have now increased our full year forecast for capital expenditure to R26 billion, to ensure that our networks provide reliable connectivity and digital services to all of our 273 million-and-growing subscriber base,” said Ralph Mupita, chief executive officer.

The group also reported growth of 21% in fintech revenue and 37.5% in digital revenue, driven by the increased adoption and usage of digital offerings.


Kindly share this post
Continue Reading

Telecom

A4AI Asks Nigeria not to Pass Communication Tax Bill

Published

on

Kindly share this post

Alliance for Affordable Internet (A4AI), has advised the Nigerian government not to pass its Communication Service Tax (CST) Bill into law.

A4AI Asks Nigeria not to Pass Communication Tax Bill

The body in its review of the bill said the nine per cent tax being proposed on communication services would jeopardise the country’s target of 70 per cent broadband penetration by 2025.

While telecom operators in the country had also condemned the bill, saying it would lead to an increase in the cost of data and voice call for the subscribers, A4AI in its report of an assessment of the bill said: “CST Bill might impede telecoms service delivery to the people, and also likely to negatively affect increased broadband penetration as a result of increased charges.”

“The CST will effectively increase the cost of operations for all such businesses. The affected services will either become more expensive for consumers, or the providers will charge the same rates while absorbing the tax, as was the situation in Ghana until last month,” it added.

Noting that the Central Bank of Nigeria (CBN) and its partnering institutions were betting on Nigeria’s impressive mobile penetration number, which stood at 203 million as of August to widen the financial inclusion net, the group said this would also be affected by the CST.

“The Communications Tax Bill would put the economic impact of mobile services at risk,” it added.

 


Kindly share this post
Continue Reading

Telecom

MTN Nigeria Reports N975.8Bn Revenue for Q3

Published

on

Kindly share this post

MTN Nigeria has recorded a 13.9 per cent boost in its revenue for the third quarter of 2020, posting N975.76 billion.

MTN Nigeria Reports N975.8Bn Revenue for Q3

This is higher than the N856.549bn recorded in the same period last year.

The financial performance submitted to the Nigerian Stock Exchange (NSE) also indicates that operating profit increased by 7.8% from N284.7bn in Q3 2019 to N307.0bn.

The growth in operating profit was largely impacted by the increase in finance costs as a result of increased borrowings (September 2019: N381bn, September 2020: N509bn), leading to a decline of 0.6% in profit before tax to N211.6bn.

The key metrics, which impacted the Q3 2020 figures posted by the firm includes Mobile subscribers increased by 3.9 million to 75m.

Active data users increased by 1.7m to 30.7m.

Earnings before interest, tax, depreciation, and amortization (EBITDA) grew by 9.1% to N497.9bn.

Profit before Tax (PBT) declined by 0.6% to N211.6bn while Earnings per Share (EPS) declined by 3.3% to N7.1 kobo

Notably, smartphone penetration grew to 45.2%, from 43.5% in Q2, and 41.7% in Q3-19, while 4G population coverage grew to 52.9%, up from 48.6% in Q2 and 35.4% in Q3-19.

Ferdi Moolman, CEO, said, “Following a decline in voice traffic and an acceleration in data during lockdowns in Q2, we have seen a normalisation of traffic as restrictions have been removed, with a recovery voice traffic and continued growth in data. This has supported a 13.9% growth in service revenue, with an acceleration of growth to 16.5% in Q3 specifically.”

Cordros Research, a financial services outfit commented: “The start of the company’s PSB operations remains the key catalyst as mobile money in Nigeria presents a compelling growth/return opportunity for MTNN.

“We look for the company to provide an update on the Nigerian PSB licence on the conference call.”


Kindly share this post
Continue Reading

Trending