Africa’s telecoms giant, MTN Group has vowed to push in more funding into the growth of the industry in the continent for the next half decade.
Speaking recently at the MTN Headquarters in Johannesburg, Group President and Chief Executive Officer of MTN Group, Mr. Ralph Mupita said “We will invest an equivalent of $1 billion of capital expenditure over the next 5 years. We see 5G as a technology that could spur faster growth with industrial use cases in mining, agriculture, oil, ports, logistics and smart cities over time. There are short-term headwinds but the investment case for Ghana remains very compelling.”
On activities in Ghana, the Group reaffirmed its commitment to Ghana, a market it has been investing in for over 25 years.
Business Hilights recalls that MTN telecommunication’s operations have been integral to Ghana’s economy, focusing on enabling connectivity, inclusivity, and socio-economic transformation through digital technologies.
Mupita added that “MTN remains excited and highly committed to Ghana as a market”.
“We are focused on the medium and long term, and we are seeing growth.
“The crowding in of private long-term capital will support economic recovery efforts and spur growth in our view. We are here to play our part as a partner for socio-economic progress,” he added.
MTN has a subscriber base of over 24 million and continues to drive significant growth numbers in data and mobile money.
Mr Mupita said to promote a thriving telecommunications industry, customers of Vodafone and AirtelTigo were able to remain connected across the country through roaming agreements with MTN where they did not have the infrastructure in place.
Ghana News Agency reports that the Group recently opened a Customer Success Centre for MTN GlobalConnect’s pan-African operations, which is phase one of its greater investments in Ghana and an opportunity to onshore digital skills into the market.
