Telkom SA to Invest US$1bn in Nigeria’s Multi-Links over five years
Telkom South Africa is to invest around US$1 billion in the expansion of the network of Multi-Links, its new Nigerian subsidiary, over the next five years. Telkom acquired Multi-Links Nigeria, the National Unified Access operator, in March 2007 in a deal worth U.S.$280 million.
Chief Executive Officer of Multi Links, Justina Ramayia, said the investment is expected to take a bouquet of telecommunication services to most parts of the country by the time it is concluded. Speaking at a media conference in Lagos on, Ramaiya said Multi-Links had embarked on an aggressive rollout program to increase capacity and coverage of all 36 states of the Federation in the next 5 years.
Currently, Multi-Links has a network that covers six states including Lagos and the Federal Capital, Abuja and most of the towns and cities in between.
According to the firm, the new expansion programme would extend Multi-Links' network northwards to reach Kano and Eastwards to reach Benin City in Edo State by the second quarter of 2008.
Ramayia said with the new investment planned the firm would have a network coverage of around 80% of the population. The rollout will be accomplished with optical fibre and CDMA 2000 1X + EvDo1X+ Rev A wireless fixed and mobile technology.