MTN Ghana to spend $1.1bn in 3 years, build 500 new sites as MoMo hits 44% Growth
Telecom giant MTN Ghana is investing US$1.1 billion over the next three years to expand its network, including the deployment of 500 new cell sites this year, as it marks 30 years in Ghana.
MTN Ghana, the country's leading telecom provider, has announced a substantial investment of US$1.1 billion over the next three years to expand its network infrastructure. As part of this expansion, the company plans to deploy 500 new cell sites nationwide this year, marking a significant milestone in their 30-year presence in Ghana.
MTN Ghana's Chief Risk and Compliance Officer, Joseph Dogbe, emphasized the company's commitment to enhancing network capacity and resilience, ensuring uninterrupted connectivity for their over 32 million subscribers. The investment will also focus on bolstering the company's Mobile Money (MoMo) platform, which has seen a remarkable 44.4% year-on-year growth in transaction value, along with a 3.1% increase in active users and a 23.3% rise in transaction volumes.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
