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Report Indicates Likely Decline In Telcos Revenue In 2013

investigation has revealed that a drop is expected in the revenue target of the telecommunications industry in 2013.

This will be triggered by President Goodluck Jonathan’s earlier declaration of a state of emergency in Adamawa, Borno and Yobe and its subsequent extension this month, alongside a drop in subscriber base of telecommunications firms lately.

Lt. Col. Sagir Musa, Spokesperson for the military task force in the state, was quoted then as saying that the ban was enforced after evidence emerged that Boko Haram used satellite phones to plan their attacks.

The statement read in parts, “Effective from June 19, 2013, the Joint Task Force imposes a ban on the use and sale of Thuraya phones and accessories. Anyone seen with Thuraya phones, recharge cards and accessories will be arrested.”

The extension of the emergency rule in these states this month is expected to further affect revenue streams cooming from these locations.

SOURCE

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