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Telcos’ data revenue to surge amid COVID-19 lockdown

...MTNN, Airtel seen as defensive stocks

Mobile network operators (MNOs) in Nigeria are expected to record major milestones in data revenue as a result of the current coronavirus-induced lockdown in major cities across Nigeria. “We believe the outbreak of COVID-19 which has disrupted activities, leading to the shutdown of offices, factories, schools, and social gatherings will result in increased data and…

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