MTN to invest N600bn on network infrastructure

Telecom giant, MTN Nigeria, says it will invest more than N600bn in network infrastructure over the next three years to improve telecommunications services across the country.

The Chairman of MTN Nigeria Communications, Dr Ernest Ndukwe, disclosed this during the company’s 20th anniversary celebration held on Sunday in Lagos.

The telecommunication company launched its services on Aug. 8, 2001, connecting about 69 million people in communities across the country to date.

Ndukwe said that MTN was also “committed to specifically expanding its rural connectivity to reach areas that were underserved” across the country.

“We plan to connect approximately 1000 rural communities to our network this year with an additional 2000 communities in 2022,” the MTN chairman said.

Ndukwe expressed optimism about what the future holds for Nigeria’s digital economy and looked forward to building it together with all stakeholders.

Also speaking at the event, Chief Executive Officer of the company, Karl Toriola, restated MTN’s planned participation in the restoration and rehabilitation of the Onitsha-Enugu Expressway through the Federal Government’s Road Infrastructure Tax Credit ((RITC) Scheme.


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