MTN to invest N640bn on broadband expansion plan in Nigeria

MTN Nigeria has disclosed plans to invest 640 billion naira over the next three years to expand broadband access across the country.

This move is in line with the Federal Government’s 2020-2025 National Broadband Plan ambitions of 90% broadband population in support of MTN Group’s strategy, Ambition 2025: Leading digital solutions for Africa’s progress.

Speaking during a three day visit to Lagos and Abuja where he met with some stakeholders, President and Chief Executive Officer Ralph Mupita said “Nigeria is one of our most important markets. We have a proud history of partnering with Nigeria and Nigerians to drive faster and more inclusive growth through digital transformation,”

The MTN Group President  who was accompanied by MTN Group Chief Financial Officer Tsholo Molefe, MTN Nigeria Chairman Ernest Ndukwe and MTN Nigeria CEO Karl Toriola reiterated MTN’s support for Nigeria’s plans to secure 90% broadband population coverage by 2025 noting that it aligns with MTN Group’s belief that everyone deserves the benefits of a modern connected life and the company’s work to extend digital and financial inclusion across Africa.

The delegation also commended Nigeria’s plans to auction 500MHz of 5G spectrum: five blocks of 100MHz in the 3500MHz band, asserting that it would facilitate accelerated broadband access.

The stakeholders included President Muhammadu Buhari; Vice President Oluyemi Oluleke Osinbajo; Minister of Communications and Digital Economy Dr Isa Ali Pantami; Executive Vice Chairman Prof Umar Garba Danbatta; as well as Central Bank of Nigeria Governor Godwin Emefiele


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