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Telcos N208bn 4G investment to boost internet speed - NCC

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Nigerians are set to enjoy faster Internet services as MTN Nigeria Communications Plc and Airtel Africa invested a combined N208.56bn in fourth-generation network and other capital expenditure in the first quarter of 2022.

According to the Nigerian Communications Commission, Internet services in the nation currently predominantly run on 2G and 3G networks.

Recently, telcos have begun to increase their investments in 4G infrastructure. According to MTN, it rolled out 2,260 4G sites in the first quarter of the year to boost penetration. “We are also frontloading some of our capex plan for the year as part of risk mitigation on supply chain disruption. Core capex, excluding the right of use assets, increased by 156.8 per cent, with capex intensity of 17.2 per cent remaining within target levels. We deployed 2,260 4G sites, representing approximately 85 per cent of the total sites deployed during the period and reflecting solid data revenue growth.

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