MTN Group to invest $3bn in Nigeria

57.2m MTN subscribers in Nigeria, 2014
Africa, ICT


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.

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