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MTN Cameroon Revenue Slumps Due to the Anglophone Crisis

Yaounde (National Times) – Mobile Telecommunication giant MTN’s Cameroonian subsidiary has reported a fall in revenue due to what the company attributes to the ongoing Anglophone crisis.

According to its new financial report released on March 7, the company reportedly saw a  XAF16 billion decline in its revenues in Cameroon.

Hendrik Kasteel (photo), MTN Cameroon’s MD said that the Company’s “performances are strongly affected by the crisis in the northwest and southwest regions, where MTN holds 60% of telecoms market shares.”

Massey Njiti Bongang, Corporate communications manager at MTN Cameroon, told NewsWatch that in the two Anglophone regions “a total of 206 MTN sites have been ransacked or put out of order ; also, access to them are difficult due to insecurity.

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