MTN Nigeria plans to spend an estimated N600 billion (approx. $1.5bn) on technical infrastructure over the next three years as it looks to expand its network coverage across the country by 2024
Speaking at its first public Annual General Meeting which held in Lagos on Friday, the CEO, MTN Nigeria, Ferdi Moolman said: "Due to the nature of our business, we always have to keep up and innovate new technology which is capital intensive, our target is to have coverage across the country and a minimum of 4G network service across all locations". "Collateralised Cash Letters of Credit, Forwards contracts, and favourable credit rating with major partners and vendors will make funding relatively easy for us," adding, "but we will also be cautious in our approach to limit foreign currency exposure.”...
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