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· Telecommunications firm, MTN, will commit about US$10 billion in the next five years to improving infrastructure networks of telecoms on the continent. MTN said investment in the telecommunications would increase in the years ahead
· T he firm has operations in 17 African countries. Its largest market is Nigeria
· MTN has 280 million subscribers per year across all its markets, and is preparing for rolling out 5G technology across Africa to enable the continent to harness the socio-economic progress in the various countries
Telecommunications firm, MTN, will commit about US$10 billion in the next five years to improving infrastructure networks of telecoms on the continent. MTN said investment in telecommunications would increase in the years ahead. T he firm has operations in 17 African countries. Its largest market is Nigeria.
The President and Chief Executive Officer of MTN Group, Ralph Mupita, in an recent interview to a channel explained how Africa’s
telecommunications industry was transforming business and gearing up for a more interconnected continent. The impact of the African Continental Free Trade Area Agreement (AfCFTA) will be felt in the telecom sector in the years to come.
MTN has 280 million subscribers per year across all its markets, and is preparing for rolling out 5G technology across Africa to enable the continent to harness the socio-economic progress in the various countries. Other mobile networks like MainOne Cables, Vodacom etc are also focusing on Africa for its growth. Analysts point out that AfCFTA has opened up a groundswell of opportunities in the continent.
