MTN To Invest $1 Billion in Nigeria in 2012

MTN To Invest $1 Billion in Nigeria in 2012
Photo by David Arrowsmith / Unsplash

In a bid to improve its network in Nigeria, MTN would spend more than $1 billion (about ₦150 billion) this year, reports Bloomberg citing the company’s spokesman.

According to Akinwale Goodluck, spokesman for MTN Nigeria,

“The investment will relieve congestion and improve the quality of the network. It would be directed toward 2G and 3G technologies, MTN’s core network, and power generators to run transmission stations.”

It would be recalled that the Nigeria Communications Commission (NCC) directed MTN Nigeria, and two other operators to improve mobile network services or they would be stopped from signing up new customers.

MTN Nigeria had more than 40 million subscribers on its mobile network as of June 2011, according to the NCC.

The company spent $1 billion on its network last year.