MTN Plans $250 Million Investment in Ivory Coast
Published on: 8th Jun 2014
MTN's C te d'Ivoire subsidiary has outlined plans to spend USD250 million on upgrading its mobile network.
The local mobile network holds 37 percent of the market share, just behind Orange which is the market leader.
"We want to be first," the company's CEO, Wim Vanhelleputte said, adding that they want "at least 40 percent, and that will be possible through this kind of investment."
The investment will be spread over a three year timeframe.
The country has five mobile networks, although it is dominated by Orange and MTN. There are also tow unused, but active mobile licenses, bringing the theoretical number of possible networks in the country to seven.
On the web: Agence Ecofin