MTN GETS 1M NIGERIAN SUBSCRIBERS, MOVES TO INVEST US$60M

Telecoms

MTN last week announced that it had crossed the one million subscribers mark to make history as the first telecom operator in the country to achieve that feat. The MTN board also last week, approved a $60 million facility for the company to immediately embark on an expansion network which is expected to soak up rising demand for its GSM lines. But such breakthrough did not come on a platter of gold. Chief Executive Officer of the company, Mr. Adrian Wood, who made the announcement yesterday, attributed it to "good judgement and a triumph of hard work, innovation and good planning."

The Vanguard via AllAfrica.com