Drop in telecom firms’ revenues envisaged in 2013

Posted: November 13, 2013 in News

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A sharp drop is expected in the revenue target of the telecommunications industry in 2013, an investigation has shown.

This will be propelled by the earlier declaration of a state of emergency in Adamawa, Borno and Yobe and its subsequent extension this month, coupled with a drop in subscriber base of telecommunications firms lately.

President Goodluck Jonathan had declared a state of emergency in these states on May 14 this year, ordering extra troops in to crush the Islamist sect, Boko Haram, whose insurgency against the state has killed thousands of people in the past three years.

The authorities had cut the mobile network in Borno State in the same week to disrupt Boko Haram’s operations.

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