GSM operators under pressure as economic crisis hits telecoms

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Nigeria’s telecommunications industry is under severe pressure and all four GSM operators could see service revenues take a hit, owing to the combination of harsh operating environment and the knock-on effects of the country’s raging economic downturn, industry observers say. Strong economic headwinds arising from the steep decline in global oil prices, along with the devaluation of the naira by the Central Bank of Nigeria (CBN) are threatening the revenue projections of operators in country’s telecoms industry, BusinessDay investigations show.

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