MTN Nigeria, Nigerias telecommunications giant, led by Karl Toriola, will invest about 664 million in 2025 to upgrade its network and expand service nationwide. The commitment comes despite a difficult year that left the industry struggling with foreign exchange shortages and soaring operating costs.
Karl Toriola said the capital spending underscores MTNs push to improve service quality and strengthen its market lead. In 2025, we are investing N1 trillion 663.8 million in capital expenditure to improve quality of service, he told reporters in Lagos. We outspent our competitor nine to one on capacity and quality, and over time, customers naturally migrate more of their spend to the better provider.
MTN pushes 4G, faces currency and policy pressure