MTN Nigeria releases business development outlook for 2020

Leading telecoms services provider in Nigeria, MTN Nigeria has released its business development outlook for 2020, where it plans a N600bn Investments in three years.

Responding to its released financials for year ended December 31st, chief executive officer of the company, Mr Fredi Moolman averred that “Over the next three years, we plan to invest about N600 billion in our network. This investment will enable us to accelerate our 4G network expansion, deepen population coverage and support the Federal Government’s broadband initiative. We are excited about the possibilities that the transition to digital presents for our business, and the growth and development of Nigeria.”

Continuing, he added that “We expect growth in voice revenue to remain healthy. We continue to make good progress with the expansion of our super-agent network and are confident that the expanded service offerings will position us to effectively drive broader financial inclusion as well as roll out the payment service bank seamlessly, once we receive a licence.”

Commenting on the trending global pandemic, n-COVID-19, popularly known as Coronavirus, Moolman noted that “We acknowledge the outbreak of Corona Virus worldwide and its potential impact on our supply chain.  While we monitor unfolding developments, we are exploring multiple scenarios in a bid to mitigate the impact.

Over the next three years, we plan to invest about N600 billion in our network. This investment will enable us to accelerate our 4G network expansion, deepen population coverage and support the Federal Government’s broadband initiative. We are excited about the possibilities that the transition to digital presents for our business, and the growth and development of Nigeria.