MTN Group is set to invest $215 million in Benin’s infrastructure after a successful major 5G trial. The infrastructure investment as you should know will reportedly include the construction of the telecommunication company’s subsidiary office, MTN Benin.
MTN Group Invest $215 Million in Benin’s Infrastructure
At a recent meeting, key figures from MTN were present, including Amadou Raimi, Chairman of MTN Benin; Ebenezer Asante, Senior Vice President for Markets; Uche Ofodile, CEO of MTN Benin; and Nompilo Morafo, MTN Group Chief Sustainability and Corporate Affairs Officer.
With its presence in 19 markets and approximately 292 million subscribers, MTN has conducted tests of its 5G services in Benin, revealing promising potential. The company’s significant investment in the country represents an effort to explore mutual benefits for both MTN and Benin.
MTN’s Mission to Positively Impact Every Market It Operates In
MTN’s CEO, Mupita, emphasized the company’s mission to positively impact every market it operates in, striving to bring hope, dignity, and opportunity to Africans across the continent. In Benin, MTN aims to support development efforts by collaborating with the government and other stakeholders to upskill and empower the local youth. MTN Benin, which has been operating for 25 years, currently serves about eight million subscribers.
The Reaction of the President of Benin
President Talon of Benin commended the MTN Group delegation for their commitment to development in Benin and across Africa. He expressed openness to future collaborations with the telecom company.
MTN Group Announced Plans to Invest $3.5 Billion in Nigeria’s Economy over the Next Five Years
In a broader context, in 2023, MTN Group announced plans to invest $3.5 billion in Nigeria’s economy over the next five years, deepening its investments in the country. The company also aims to mobilize additional investments of up to $1.5 trillion in Nigeria’s economy. This commitment is significant for MTN Nigeria, which in 2023 was the highest revenue contributor to the MTN Group among its 19 markets.
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