MTN Cote d’Ivoire expects US$250 million investment to push it to number one

MTN’s Cote d’Ivoire subsidiary has outlined plans to spend US$250 million on upgrading its mobile network.

The mobile network operator holds 37 per cent market share, just behind Orange which is the market leader.

"We want to be first," MTN Cote d’Ivoire’s CEO, Wim Vanhelleputte said, adding that the company wants "at least 40 per cent, and that will be possible through this kind of investment."

The investment will span three years.

Cote d’Ivoire has five mobile networks, although it is dominated by Orange and MTN. There are also two unused, but active mobile licences, bringing the theoretical number of possible networks in the country to seven.