MTN Nigeria reported growth in revenue and earnings before interest, tax, depreciation and amortisation (Ebitda) despite facing volatility in voice and data revenue over the nine months ended September 30. The group’s Ebitda increased 9.1% to N497.9-billion; however, its Ebitda margin contracted 2.3 percentage points to 51% owing to cost pressures mostly from increased investments in the network and the impact on costs of the depreciation to the Central Bank of Nigeria and Nafex exchange rates.
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