MTN Zambia plans USD95 million investment in 2009

9 Apr 2009

Reuters is reporting that MTN Zambia, a subsidiary of the South Africa-based MTN Group, will invest USD95 million in 2009 to improve and expand its infrastructure. It is understood that the bulk of expansion will be focussed in the western and north western regions of the country, and will build on improvements made under investments totalling USD80 million in 2008. MTN hopes that, coupled with its heavily subsidised tariffs, the upgrades will help it to double its subscriber base from the 700,000 it has at present. Commenting on the plans Per Christer Eriksson, CEO of MTN Zambia, said, ‘We are looking at growing the business by double this year through purchasing new equipment and investing in support systems to improve our network…and we are looking at increasing our market share to about 30%.’ MTN is Zambia’s second largest cellco by subscribers, with an approximate 15% market share, although it remains significantly behind the number one player Zain, which has an estimated 78% of the market; Cell-Z is the third and final player in the market with around 7%.

Zambia, MTN Zambia