MTN to invest USD1.6 billion in network

26 Jan 2009

MTN Nigeria, the country’s largest cellco by subscribers, has announced plans to invest up to USD1.6 billion during 2009, according to Punch Nigeria. The planned investment will help improve the quality of service on its network, which currently covers 90% of the population. Wale Goodluck, corporate service advisor of MTN Nigeria, said the company has invested in building up transmission networks over the past four years in order to make up for the country’s lack of telecoms infrastructure. MTN Nigeria’s wireless subscriber base has grown rapidly over the past three years and according to TeleGeography’s GlobalComms database, the cellco had 20.17 million customers in September 2008, up from 14.95 million a year earlier.

Nigeria, MTN Nigeria