MTN acquires additional spectrum in Nigeria

Samuel Mungadze
By Samuel Mungadze, Africa editor
Johannesburg, 12 Mar 2021
MTN Nigeria CEO Karl Toriola.
MTN Nigeria CEO Karl Toriola.

MTN Nigeria has acquired an additional 10MHz spectrum in the 800MHz band from Intercellular Nigeria, the mobile operator announced Friday.

In a note to shareholders, MTN says the Nigerian Communications Commission (NCC) has approved the transaction and assigned the frequency to MTN Nigeria.

With the acquisition, MTN says it will significantly improve customer experience in its most profitable and biggest market.

Commenting on the acquisition, Karl Toriola, CEO of MTN Nigeria, says: “Through this acquisition, we will be better positioned to support the deepening of broadband penetration in the country.

“The added resources will also greatly impact our customers’ experience, providing even better Internet connectivity. It is our goal to keep finding ways to grant everyone access to a modern, connected life.”

This development comes on the back of the growing number of active data subscribers on MTN’s network in the populous West African nation.

In the year ended December 2020, the telco’s active data subscribers increased by 7.4 million to 36.3 million, which MTN says was supported by growth in gross connections and the expansion of its 4G network in Nigeria.

In the year, MTN connected 12.2 million new customers to its network, bringing total subscriptions in its biggest market to 76.5 million.