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MTN Nigeria plans N600 bn investment to improve 4G coverage

The investment will stretch over a period of three years

MTN Nigeria is planning to invest around N600 billion over the next three years to improve its 4G coverage in the country, which currently stands at 40 percent, the media reported.

Currently, MTN Nigeria has around 65 million customers who make use of its 4G technology.

The planned investment will see MTN improve its coverage in rural Nigeria.

Speaking at MTN’s first public Annual General Meeting which was held in Lagos, Ferdi Moolman, chief executive at MTN Nigeria said, “Due to the nature of our business, we are committed to innovating new technology and delivering the best customer experience which can be 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.”

He added, “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. We are excited about its potential for our customers and the country’s national development plans.”

Recently, MTN Nigeria also launched a new app, ‘MTN4ME’, which provides subscribers with special offers across multiple categories suited specifically to their needs.

Customers who subscribe to the new service enjoy unique personalized offers as well as generic offers such as, Top Deals 4ME, Recharge Offers 4ME, Data Offers 4ME, and COMBO Bundles 4ME.

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