MTN Nigeria has underscored the urgent need for the telecom sector to regain profitability for long-term sustainability. The CEO pointed out the recent substantial losses in the industry and emphasized the importance of taking immediate steps to address the issue. He noted that the company is currently relying on its reserves, which is not a viable solution for the future.
MTN CEO Karl Toriola revealed this on Monday, October 21, 2024, during a visit by Fellows of the Media Innovation Program to MTN’s facilities in Ibeju-Lekki, Lagos. The MTN CEO identified the industry’s recent large losses and stated that quick action is required to buck the trend.
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