It's interesting to know that MTN has only 40% 4G network coverage in Nigeria, which has promote them to chunk out a N600 billion 3 years infrastructure and technical development, which will improve their 4G service nation wide.
The CEO of MTN nigeria said:
“Due to the nature of our business, we are committed to innovating new technology and delivering the best customer experience which can be capital intensive, our target is to have coverage across the country and a minimum of 4G network service across all locations.
“Cash collateralized Letters of Credit, Forwards contracts, and favourable credit rating with major partners and vendors will make funding relatively easy for us, but we will also be cautious in our approach to limit foreign currency exposure.”
Now its safe to say that MTN shares could experience a nice bull run in the effect of this news.
The CEO of MTN nigeria said:
“Due to the nature of our business, we are committed to innovating new technology and delivering the best customer experience which can be capital intensive, our target is to have coverage across the country and a minimum of 4G network service across all locations.
“Cash collateralized Letters of Credit, Forwards contracts, and favourable credit rating with major partners and vendors will make funding relatively easy for us, but we will also be cautious in our approach to limit foreign currency exposure.”
Now its safe to say that MTN shares could experience a nice bull run in the effect of this news.
