News Formal

MTN boosts its network in home-market South Africa

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

MTN said on Tuesday it invested R10.6bn in capital expenditure and leases year-to-date in SA, plus another R1.9bn to add spectrum in its biggest market.

MTN pushed its network availability to 95% in its home-market South Africa, as it invested billions of rand to upgrade sites with batteries, generators, renewable energy and enhanced security to overcome power cuts in the country. Africa’s biggest wireless carrier by customers said on Tuesday it invested R10.6 billion in capital expenditure and leases year-to-date in South Africa, plus another R1.9 billion to add spectrum in its biggest market.

“However, the significant progress made in our network resilience program, combined with lower load shedding during the third quarter, supported average network availability of above 95%.” ADVERTISEMENT CONTINUE READING BELOW Africa’s most developed economy has been struggling to deal with an electricity shortage that is handicapping economic growth and the creation of jobs that are badly needed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MTN South Africa 'tracking well' in tough marketMTN South Africa’s margins remain under pressure as the company invests in making its network resilient against load shedding.
Source: TechCentral - 🏆 8. / 71 Read more »