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MTN to invest $1 billion in Nigeria
06 January 2012
MTN mobile investment follows regulator’s demand to three operators to enhance networks
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MTN
Nigeria
Airtel
Globacom
Bharti
National Communications Commission
MTN Nigeria will invest over $1 billion to improve its 2G and 3G networks this year. The funds will also be used to enhance its core network and for power generators to operate base stations.
The investment follows after the regulator, the National Communications Commission, told three operators— MTN, Bharti Airtel and Globacom — last year to enhance mobile network services or they will be not be allowed to sign up new users.
Akinwale Goodluck, MTN Nigeria spokesman, told Bloomberg: “The investment will relieve congestion and improve the quality of the network.” Goodluck added that in 2011, MTN spent $1 billion on its Nigerian network and its investments will help attain the regulator’s demand to improve services.
MTN Nigeria has over 40 million users in the country. GTB
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