MTN to invest US$1 billion on regulator-stipulated network improvement

MTN Nigerian has reignited its plans to invest US$1 billion on its network upgrades this year in order to comply with regulatory demands for improvements in network performance.

The Nigerian Communications Commission (NCC) recently warned three of the country’s mobile networks to improve network quality or face fines. The regulator named MTN, Globacom and Airtel as failing to meet minimum standards.

"The investment will relieve congestion and improve the quality of the network," Akinwale Goodluck, a spokesman for MTN Nigeria told Bloomberg News. The funds will be directed toward 2G and 3G, MTN’s core network, and power generators to run transmission stations.