MTN to invest $1.6bn in three years ~ The Punch

The MTN Group is to invest $1.6bn in the Nigerian market in the next three years.

President/CEO of MTN Group, Mr. Rob Shuter, disclosed this during a courtesy call on Minister of Communications and Digital Economy, Dr Isa Pantami, in Abuja on Tuesday.

Shuter, who was part of a delegation of members of the MTN Board led by the Group Chairman, Mabisi Jonas, also disclosed that Nigerian investors’ shares in MTN were growing rapidly.

Speaking at the event, Pantami advised the telecommunications company to focus on under-served areas in the country.

He said, “I am glad to hear that you have a budget of $1.6bn you plan to invest in Nigeria in the next three years.

“Please, try to get your priorities right. Look at the areas that are underserved and invest and the earlier you realised that, the better for you.”

He urged all telecommunications companies operating in Nigeria to improve the quality of their services so as to satisfy their customers.

The minister said the Federal Government was committed to providing conducive and enabling environment for all telecommunications firms in the country to operate without any hindrance.

He added that the Federal Government was making efforts to address operational challenges faced by the telcos.

Categories: Business, News Updates, Technology News

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