MTN NIGERIA SECURES USD395M LOAN TO BOOST ITS SERVICES

Telecoms

MTN Nigeria Communication Limited, has secured a US395 million (about N45.5 billion)facility from a consortium of Nigerian banks to facilitate the deployment ofvital telecommunications infrastructure nationwide.It is the first time any firm in Nigeria has got a loan of this size from local financial institutions.

The Chief Executive Officer of MTN Group (the parent company of MTN Nigeria) Phutuma Ngleko said the facility will enable MTN Nigeria to roll-out even more rapidly across the country, extending service to many additional hundreds of towns, villages and communities.

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