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Johannesburg - MTN Group [JSE:MTN] Africa’s largest telecoms firm, plans to spend more than $1bn this year on its Nigerian network, an official said on Thursday, as it looks to meet regulatory demands to improve service.
A spokesperson for MTN Nigeria, Akinwale Goodluck, told Reuters in an email the company had invested $1bn on network infrastructure in 2011 and was planning to spend more in 2012.
MTN, whose biggest market is Nigeria, was reprimanded last year by the Nigerian Communications Commission for failing to meet quality of service requirements.
MTN has said it must meet regulatory targets for improved service in Nigeria or face financial penalties.
The company has more than 40 million subscribers in Nigeria.
A spokesperson for MTN Nigeria, Akinwale Goodluck, told Reuters in an email the company had invested $1bn on network infrastructure in 2011 and was planning to spend more in 2012.
MTN, whose biggest market is Nigeria, was reprimanded last year by the Nigerian Communications Commission for failing to meet quality of service requirements.
MTN has said it must meet regulatory targets for improved service in Nigeria or face financial penalties.
The company has more than 40 million subscribers in Nigeria.
