MTN Nigeria Planning $1 Billion Investment – Cellular

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By: Ian Mansfield | 9th Aug 2011: 10:55am

MTN Nigeria intends to invest an additional US$1 billion in its network during this financial year as the company seeks to expand its network into the rural areas.

Speaking at the company’s 10th anniversary celebrations in Lagos yesterday, MTN Nigeria’s CEO, Brett Goshen said the company intends to expand its subscriber base which currently stands at over 40 million. Goshen said as part of the strategy to achieve this, the network would deliberately push into the underserved rural communities.

“We have close to 7, 000 base transceiver stations located all over the country, and we are still rolling out more. We have deployed one of the most expansive fibre optic (over 8, 530km) and microwave infrastructure (Y’ellobahn – 11, 500km) in sub-Saharan Africa . In a dynamic market such as Nigeria , you cannot stop investing if you want to remain the leader.”

“That is why we are committed to investing an additional $1 billion to upgrade network in the current financial year”, Goshen added.

Responding to recent critisim from local labour organisations that telecoms firms rely too heavily on foreign workers, he disclosed that 99 percent of the firms 2,200 permanent workforce are Nigerians. Dependence on expatriates has reduced from over 300 expatriates who were mainly in the core technical  components of the business in 2002 to only 18 as at July 2011.

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1 Comment

  1. Fafure olaseni olumuyiwa

    I was invited to lagos 10th year was unfortunate i could not be there and this was due you(mtn nigeria) not sending the venue address to me.i think you guys should more than that.Anyway,happy 10th anniversary

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