MTN Ghana CEO plans €115M network investment in 2015 to meet demand for data

MTN Ghana CEO Serame Taukobong told investors that the company plans to pump GHS460 million (€115 million/$123 million) into network expansion during 2015 to meet growing demand for mobile data services.

Taukobong said the company has added 112 3G sites to its network to ensure demand for data is met, and noted that smartphone users are reaping the benefits of the MTN Apps Challenge, a programme set up to encourage development of a diverse range of applications, Biztech Africa reported.

Addressing stakeholders and press at a meeting in Ghanaian capital Accra, the CEO said part of the company's 2015 investment will cover development of new products and services for consumers and businesses.

He pointed to an existing mobile money service named MTN Mobile Money Wallet as an example, noting the service has enjoyed strong uptake among consumers as a money transfer and payment option, and is also utilised by large corporations to pay employees, Biztech Africa added.

Taukobong also highlighted that the broader telecoms industry in Ghana is contributing to the country's economic growth, IT News Africa reported. He said MTN Ghana alone had paid GHS605 million in taxes during 2014, and that the MTN Ghana Foundation--an independent body designed to drive the operator's efforts around health, education and economic empowerment--has invested GHS15.5 million in the country over the seven years since its foundation.

Projects assisted by the programme include the building of libraries, dormitories and classrooms, and also providing scholarships, the news outlet reported.

The CEO noted that MTN Ghana increased its spending on power generation in the back half of 2014, as so-called 'load shedding'--the practice of turning power supplies to some areas off to maintain electrical supplies to key infrastructure--increased during the period.

The operator replaced at least 350 generators in 2014, and doubled its fuel usage year-on-year to around 2 million litres per month, IT News Africa reported.

For more:
- see this Biztech Africa article
- view this IT News Africa report
- read this MTN Ghana Foundation information

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