Etisalat to invest USD2 billion in infrastructure

3 Jul 2009

Nigerian mobile operator Etisalat Nigeria will invest USD2 billion over the next three years in the deployment of network infrastructure, writes local newspaper This Day, citing the cellco’s CEO Steven Evans. Despite the economic downturn, Etisalat says it intends to galvanise competition and refresh the market by aggressively rolling out its products in all regions of the country. It hopes to achieve 45% population coverage by the end of this year and 80% coverage by the end of 2010. At present, the cellco has the capacity to accommodate four million wireless subscribers, but from September this year will be able to accommodate twelve million customers. According to TeleGeography’s GlobalComms database, Etisalat Nigeria is the latest entrant in the Nigerian mobile market, having launched commercial GSM services in seven cities in November 2008. In the last week, the cellco reached the milestone of one million mobile subscribers, around seven months after launching operations.