MTN Group earmarks USD40 million for investment in Zambia

14 Jul 2011

Zambian mobile network operator MTN Zambia has revealed that it expects to spend another USD40 million this year, with the funds directed towards the expansion of its operations, Bloomberg reports. With the cellco’s parent company, South Africa-based MTN Group, noting that it has invested around USD220 million in the country so far, the additional investment will be spent on improving both capacity and coverage, the expansion of 3G services and a business continuity and disaster recovery programme. According to the report MTN Zambia has so far deployed third-generation equipment to around 120 of its base stations, representing approximately 20% of its 2G sites, but it has said that it is aiming to increase this number to at least 220 by the end of 2012.

According to TeleGeography’s GlobalComms Database, at the end of March 2011 MTN Zambia had a customer base of just over two million, giving it a market share of 34.1% and making it the country’s second largest cellco by subscribers behind market leader Airtel Zambia, which at that same date had almost 3.6 million wireless customers, or 60.1%.

Zambia, MTN Group, MTN Zambia