MTN Nigeria plans $1.5 billion investment this year

The Daily Trust reports that MTN Nigeria has disclosed plans to invest approximately $1.5 billion in 2013.

Sifiso Dabengwa, MTN Group President and CEO. (Image: Chris Tredger)

MTN’s Corporate Services Executive, Adewale Goodluck, is quoted as saying that the company’s Nigerian operation “would get the highest part of the investments plan by the MTN Group”, which is, according to the report, just under 50% of the total capital expenditure.

The company confirmed that 5000 base stations will be added to its facilities within its 2G network and 4000 stations to its 3G network.

MTN has identified data over voice as a high growth area and has identified this as a priority focus for 2013.

In a recent presentation of MTN Group results for the year ended 31 December 2012, management confirmed Nigeria’s status as one of the company’s “key pillars”, with an established subscriber base of 47,4 million.

However, the inflation rate of more than 10% has had an impact on operations, particularly in terms of staff costs.

According to official results released data revenue (excluding SMS) increased by 111,6% in naira supported by the availability of affordable data-enabled devices, including GPRS and 3G.

Staff Writer