MNO revenue up 88,8% in 2024 Q4

MOBILE network operators (MNOs) recorded an 88,82% surge in nominal revenue to ZiG6,42 billion in the fourth quarter of 2024, largely due to the devaluation of the local currency, a new report shows.

The growth is from ZiG3,4 billion recorded in the third quarter of 2024.

This comes as the government devalued the ZiG during the period under review, sparking widespread economic turmoil.

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