MTN Rwanda plans CAPEX cut in 2012

22 Feb 2012

Cellular operator MTN Rwanda is reporting revenues for 2011 of RWF80 billion (USD132 million), up from RWF73.6 billion a year earlier. The company says it is targeting sales of RWF96 billion in 2012, while capital expenditure (CAPEX) will be cut from USD35 million in 2011 to USD30 million this year, Bloomberg reports. MTN is the largest of Rwanda’s two mobile network operators, with almost three-quarters of the overall market of around four million users.

Rwanda, MTN Rwanda