Decline in Telecom Investment May Hurt other Sectors- Rewane

Rewane, who disclosed this in the latest edition of the Lagos Business School breakfast session, attributed the decline to economic challenges, inflation, exchange rate pressures, regulatory burden, right-of-way conundrums and multiple taxations crunching the once vibrant sector.

“Bottom-line performance, hampered by huge FX losses and squeezed margins, slow pace of profit growth gradually weighs on shareholder’s value and investor sentiment,” he said.

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