Operating cost of these operators was N1.72 trillion, while CAPEX (domestic investment) stood at N1.12 trillion as of 2021. Specifically, the CAPEX for GSM players was N1.12 trillion, they operated with N1.65 trillion and earned as revenue, N2.77 trillion. The Fixed Wired operators had N60.9 million as domestic investment, operated with N534.16 million and earned N375 billion. The ISPs’ revenue was N60 billion; CAPEX of N3.6 billion operated with N48.4 billion. For the VAS operators, the CAPEX was N335.8 million; operated with N10.12 billion and earned N32.9 billion.

Source: The Guardian June 17, 2022 02:54 UTC