MTN Loses Subscriber Base Of 1.4% In First Quarter Of The Year

As MTN the telecoms company based in South Africa, disconnected millions of subscribers in Nigeria after the Nigerian government ordered that proper registration procedure be talen by subscribers,  their general subscriber base decreased by 1.4%, in across 22 countries.
 According to Bloomberg; The Executive Chairman, Phuthume Nhleko in a statement said "In order to mitigate any future regulatory challenges, the group took an exceptionally conservative stance by disconnecting all subscribers who could possibly be deemed to be non-compliant".
 "This has had a significant unfavorable impact on total subscriber growth and revenue" in the first quarter of 2016.
 Mr. Nhleko(one-time boss of MTN) returned to MTN in November, 2015 to handle the company as the CEO Mr. Sifiso Dabengwa resigned.
 About 4.5 million subscribers were disconnected from MTN in Nigeria,  which was a 6.9 percent decrease in Nigeria while in South Africa, there was a 1.7 percent decrease.