MOBILE operator MTN has raised its
investment target in SA by 50%, as the group looks to boost its
data-services offering with acquisitions and new infrastructure in its
home market.
Capital expenditure will be about R12bn in the country in 2016, MTN’s South Africa head Mteto Nyati said on Thursday. That compares with the R8bn reported by the company in its 2015 earnings statement in March.
MTN is Africa’s biggest wireless operator by sales.
The company planned to target deals similar to its $40m co-investment made in February in Travelstart, an online flight-and hotel-booking company based in Cape Town, Nyati said. The board had not set a budget for acquisitions, he added.
Capital expenditure will be about R12bn in the country in 2016, MTN’s South Africa head Mteto Nyati said on Thursday. That compares with the R8bn reported by the company in its 2015 earnings statement in March.
MTN is Africa’s biggest wireless operator by sales.
The company planned to target deals similar to its $40m co-investment made in February in Travelstart, an online flight-and hotel-booking company based in Cape Town, Nyati said. The board had not set a budget for acquisitions, he added.
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