MTN pledges USD1bn network investment

10 Aug 2011

Nigeria’s largest mobile operator by subscribers, MTN Nigeria, plans to invest an additional USD1 billion in the expansion of its network and improvement of quality of service during the current financial year. According to local newspaper Business Day, which cites MTN Nigeria’s CEO Brett Goshen, the additional funds will help build on the cellco’s subscriber base, which currently stands at over 40 million, by expanding its wireless infrastructure to underserved rural communities. The executive revealed that MTN Nigeria – a unit of the pan-African MTN Group – has rolled out close to 7,000 base transceiver stations (BTS) across the country, and has deployed over 8,530km of fibre-optic and 11,500km of microwave infrastructure in sub-Saharan Africa. ‘In a dynamic market such as Nigeria, you cannot stop investing if you want to remain the leader. That is why we are committed to investing an additional USD1 billion to upgrade the network in the current financial year,’ Goshen commented.

Nigeria, MTN Nigeria