MTN Nigeria’s Investment in Network Expansion Hits N2.5trn - THISDAYLIVE

The Chief Executive Officer, MTN Nigeria, Ferdi Moolman, Wednesday put the total value of investment made by the telecommunication company since its entrance into the Nigerian market at N2.5 trillion.

“A large part of our success is that we kept on investing in network, even when the naira was devalued. And you need to understand the impact of that devaluation on our network because the electronic equipment we use are imported,” he said. He explained: “There was a lot of work that we did on the listing and our target was to list in 2018. We are a private company at the moment and we need to change to a public company before we can list.

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