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MTN raises 2016 investment capital by 50%

Freedom Reporter by Freedom Reporter
May 19, 2016
in Business, IT, News
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South Africa’s MTN Group said on Thursday that it had revised its capital spending in its home market up by 50 per cent to 12 billion rand ($756 million) in 2016.
In a statement in Johannesburg, the mobile operator said the aim was to improve infrastructure and fund acquisitions.

MTN had said in March while releasing its annual results that it would spend 8 billion rand in capital expenditure.

The firm had spent 11 billion rand on capital expenditure in its South African in 2015.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.