MTN Bets US$1.3bn To Improve NetworkJune 2012 | Company News Alert
On June 7 2012, MTN Nigeria announced an ambitious plan to invest around US$1.3bn on a comprehensive network modernisation and swap-out exercise over a nine-month period. This is a positive response to growing regulatory and customer dissatisfaction with the quality of service on its network, largely due to rapid subscriber uptake and increasing usage. BMI also views this development as a clear indication of MTN's intention to retain dominance of the Nigerian mobile market, in which it had a market share of 45.2% as of March 2012.
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