Telecom sector struggle with cost of operation
The telecom sector may have survived pandemic pressures and remained resilient, but the turn of events with the current runway inflation has started hitting their cost of operations. Emerging from the first media engagement by the new lady CEO of MTN, the now publicly listed company, is conceded that things are harder now than before. Headline inflation as measured by the consumer price index (CPI) for September 2022 increased to a double digit 10%, up from 9%.