MTN Group to invest $3bn in Nigeria

57.2m MTN subscribers in Nigeria, 2014
Africa, ICT

Share

South Africa’s MTN Group has announced that it will invest over $3bn in upgrading and expanding its infrastructure in Nigeria over the next three years.

The investment will be focused on improving quality of service and growing the subscriber base, in part to address poor network quality which has seen the operator penailsed by the Nigerian Communications Commission (NCC). MTN, along with two other mobile operators, were banned for selling SIM cards for one month by the NCC at the start of the year.

Speaking to newspaper, Business Day, MTN Group CEO Sifiso Dabengwa said that high demand for services had caused problems for the operator in Nigeria, but the company is committed to improving service.

"We’ll continue to invest at this rate in the medium term, and make sure the overall quality of service is acceptable," said Dabengwa.

Nigeria is the largest market by subscriber and revenues for MTN Group. By 31 March 2014 MTN Nigeria’s subscriber total stood at 57.2 million, and the company expect to pass the 60 million mark by the end of the year.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story