Telecoms Firm MTN To Invest $1.6 Billion In Nigeria: Statement

Telecommunications firm MTN Group, said it would invest $1.6 billion in Nigeria after it resolved a legal case with the government.

In a statement issued late on Wednesday, the company said it planned a capital investment program of $1.6 billion, or roughly 580 billion naira, over three years in its network and operations in Nigeria.

Earlier this month, Nigeria’s attorney general said he had withdrawn a $2 billion tax demand against MTN.―US News