MTN Nigeria plans to spend an estimated N600 billion on technical infrastructure over the next three years as it looks to expand its network coverage across the entire country by 2024.
Speaking at the company’s first public Annual General Meeting which held in Lagos at the weekend, Ferdi Moolman, CEO, MTN Nigeria, 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.
“Cash collateralized letters of credit, forwards contracts, and favourable credit rating with major partners and vendors will make funding relatively easy for us, but we will also be cautious in our approach to limit foreign currency exposure”, Moolman added.
Presently, the company’s 4G network covers approximately 40 per cent of its coverage locations which translates to about 65 million data customers. A significant amount of investment would be made to not just extend the 4G network but to also cover more rural locations in Nigeria.
The company expressed excitement on the possibilities that the transition to digital platforms presents to the company as growth in voice revenue is also expected to remain healthy.
“We closed the year with 132 cities covered by 4G and became the first mobile network operator in West Africa to demonstrate the capability of 5G technology,” said Moolman.
“We are excited about its potential for our customers and the country’s national development plans. We maintained our leadership position in network net promoter score (NPS) as we continue to invest to improve service quality and drive expansion and innovation.”
This investment in infrastructure will enable the company to accelerate its 4G network expansion, deepen population coverage, and support the Federal Government’s broadband initiatives.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
COVID-19: Notorious Oyo Company Produces 19 New Positive Cases
A company in Ibadan again, on Monday, produced 19 COVID-19 cases after producing 30 on Saturday and eight on Sunday. It has, thus, produced a total of 57 COVID-19 positive cases. The Oyo State Governor, Seyi Makinde, disclosed this in a statement on Monday… Read full story
We Won’t Relax Ban On Religious Gatherings For Now Despite Pressures, Says Makinde
Oyo State governor, Seyi Makinde, on Monday said despite pressures from various clerics on the state government to relax ban on religious gatherings over the coronavirus pandemic, the government has no plan for now to relax the ban. According to the governor, based on the expert advice which indicated that transmission… Read full story
Infectious Disease Bill: Bill & Melinda Gates Foundation Denies $10m Bribery Allegation In Nigeria
Country Director of Bill & Melinda Gates Foundation in Nigeria, Dr Paulin Basinga, on Monday, denied allegations over the $10 million bribe purportedly given to the leadership of Nigeria’s House of Representatives. Dr Basinga stated this at the opening of the investigative hearing held at the instance of the Special Ad-hoc… Read full story
Why We Didn’t Disclose Name Of Company In Ibadan Where 38 Staff Contracted COVID-19—Makinde
Oyo State governor, Seyi Makinde, has given reasons the name of the company where 38 staff member contracted coronavirus has not been disclosed. On Saturday, the governor announced that 30 members of an unnamed company in the South West area of Ibadan contracted coronavirus while on Monday, he disclosed… Read full story
How People Can Boost Immune System Against COVID-19—Makinde
Governor Seyi Makinde of Oyo State, on Monday, listed some plants that residents of the state could consume to help boost their immune system against contracting the virus. Speaking at the Government House, Ibadan, Makinde said that people could boost their immune system against the virus by consuming… Read full story
COVID-19: Ekiti Residents, Authorities Worry Over Insecurity Amid Lockdown
No doubt, the battle against the coronavirus pandemic has remained the crux of major discourses across the globe and Ekiti State in particular in the last three months. Among the measures put in place in the state to curb the spread of the virus is the restriction of movement declared by the state governor, Dr Kayode Fayemi… Read full story
Reps To Partner Governors’ Forum To Produce Widely Acceptable Infectious Diseases Bill ― Gbajabiamila
The Speaker of the House of Representatives, Hon. Femi Gbajabiamila on Monday reiterated the readiness of the House to partner Nigeria Governors’ Forum (NGF) in the bid to produce a satisfactory Control of Infectious Diseases Bill for the citizens…. Read full story
EDITORIAL: Almajiri And Violation Of Lockdown Order
AS a rule, pandemics put social and political relations of the affected society under a magnifying glass, and Covid-19 has been no different. In Nigeria, it has revivified knotty social questions around unemployment, education, and youth alienation,the Almajiri conundrum being a perfect encapsulation… Read full story
Fake News Is Damaging Credibility Of COVID-19 Response, PTF Laments
The Presidential Task Force on COVID-19 (PTF) has lamented the negative impact of fake news on its work, saying that fake news is damaging the credibility of the nation’s COVID-19 response. The National Coordinator of PTF, Dr Sani Aliyu, while speaking during the daily briefing on Monday said the impact of fake… Read full story
Oshiomhole Outsmarts APC Governors As Bulama Emerges National Secretary
National chairman of the APC, Comrade Adams Oshiomhole has finally consolidated his grip on the party national secretariat. Waziri Bulama from Borno State was on Monday sworn in as acting… Read full story