MTN to invest US$3 billion in capex in Nigeria over three years

MTN has outlined plans to spend US$3 billion on network upgrades in Nigeria to improve the quality of the network and expand its reach.

The investment is to be phased-in over a three-year period.

MTN and most of the Nigerian mobile networks have been criticised for poor quality of service and signing up customers to networks that cannot cope with the demand.

MTN has just over 57 million customers in Nigeria, and a market share of nearly 50 per cent.