MTN plans Capex of $1.6 bn in Nigeria to expand network

MTN today announced a capital investment (Capex) of $1.6 billion or approximately N580 billion over the next three years in Nigeria to strengthen and expand its mobile network and operations in the country.
Nigeria President Muhammadu Buhari said the government is looking at ways to increase the level of security across critical national infrastructure, noting that it would guarantee seamless service delivery and also facilitate investments throughout the country.

MTN Group Chairman Mcebisi Jonas said: “We are steadfast about our investments in Nigeria, particularly over the next three years as we aim to strengthen and expand our network and systems.”