In addition, Nigeria’s biggest network is planning an additional US$1.5 billion investment bringing its total projected capital expenditure to US$3 billion.
Adewale Goodluck, the operator’s executive officer in charge of corporate services, was speaking to journalists in Lagos on Thursday.
According to him, MTN Group is pumping more funds to boost its investment in Nigeria, which outweighs what the group plans to invest in other countries where MTN is operating.
He said: “The Nigerian operation would get the highest part of the investments plan by MTN group which is slightly less than 50 per cent of the total capital expenditure.”
According to him, MTN Group will be investing in the construction of new base stations.
“About 5,000 base stations will be added to MTN facilities in 2G network,” he said, while adding that MTN Nigeria’s 3G network will be boosted with 4,000 additional base stations.
Explaining why the company has decided to invest more in improving the quality of its 2G and 3G services in Nigeria, Goodluck said: “Improving data services has become imperative for MTN because this segment of its business has continued to grow 100 per cent annually than voice.”
