MTN Group has described 2016 as the 'most challenging year in its 22-year history,' while attributing the challenge to two main factors that emanated from its Nigerian operation, which was established about 17 years ago.
MTN rolled out its commercial services in Nigeria in August 2001, few days after Econet Wireless (now Airtel Nigeria) rolled out its commercial services, but had since become the largest network operator in Nigeria, with over 61 million subscribers on its network.
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