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MTN To Inject $200m in Network Infrastructure  

BY: KALD | Voltaonlinegh.com |

Telecom giant, MTN Ghana is set to inject some 200 million dollars into its network infrastructure this year to meet the increasing demand for data in the country.

The amount, according to MTN Chief Executive Officer, Mr. Selorm Adadevoh, would be the teleco’s biggest capital investment in a single year, within the last 10 to 15 years.

This was made known at the  2021 Editors Forum for selected journalists in Southern Ghana, last Friday, as part of MTN’s 25th anniversary.

According to Mr. Adadevoh, the network has witnessed exponential growth in data and mobile money subscriptions since the emergence of the COVID-19 pandemic, hence the need for the massive investment into the infrastructure to sustain the gains.

He also hinted of plans to  expand the 4G network coverage to all cell sites across the country, while working to pilot 5G network by 2023, as part of MTN’s sustainability strategy to keep ahead of competition and also remain relevant in the digital space.

The MTN Ghana boss further intimated that, the company was evolving to actively participate in the African Continental Free Trade Area (AfCFTA), which he said would be largely driven by technology.

He said the company would continue to create innovative digital solutions to support businesses to thrive in the new digital economy envisaged under AfCFTA.

Touching on Mobile Money, Mr. Adadevoh announced plans to create a separate shareholding structure for the subsidiary business, to meet regulatory requirements.

He said 30 percent of the Mobile Money business will be domesticated, with the parent company, Scancom PLC holding 25 percent and the remaining five percent listed on the Stock Exchange.

The Editors Forum, brought together over 30 journalists in Accra, with several others joining virtually from Eastern, Volta and Oti Regions.

Source: www.voltaonlinegh.com

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