ICT Africa Headline News

Nigeria: MTN Plans Fresh U.S.$1.5 Billion Investments

07 March, 2013
Nahimah Ajikanle Nurudeen, Daily Trust
March 7, 2013

Lagos — MTN Nigeria is to make fresh investment of about $1.5 billion in 2013 out of the total investments plan by the group which is over $3billion Capital Expenditure.

Addressing newsmen in Lagos yesterday, the MTN Corporate Services Executive, Mr. Adewale Goodluck said the Nigerian operation would get the highest part of the investments plan by the MTN group which is slightly less than 50per cent of the total Capital Expenditure.

Goodluck disclosed that about 5000 base stations will be added to MTN facilities in 2G network while 4000 base stations will be added on its 3G technology.

He stated that improving data services became imperative for MTN because this segment of its business has continued to grow 100 per cent annually than voice.

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