Telcos’ operating costs surged by 50.92% – NCC

Telecommunication companies’ operating costs surged by 50.92 per cent in 2023, reflecting the challenges faced by Nigeria’s telecommunications industry in maintaining network operations amid rising inflation and currency depreciation. According to the most recent Nigerian Communications Commission’s 2023 Year-End Performance Report for the telcos, operating costs climbed from N2.09tn in 2022 to N3.16tn in 2023,

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