MTN Ghana has announced that it aims to spend roughly USD 200 million by the end of 2021, following an initial investment of USD 150 million. To know the details as to how MTN Ghana is to Spend 200 Million by end of 2021, read on.
The decision is based on the high demand for data, which has surged considerably since the coronavirus outbreak last year, according to Chief Executive Officer Selorm Adadevoh.
Speaking at the MTN Business Executive Breakfast Series- Special Edition on the theme: Conversation with MTN Ghana – 25 years for Brightening Lives and Beyond, CEO Adadevoh said MTN Ghana sees its continued investments in the country’s telecom space as a contribution to Ghana’s development in achieving its digital agenda.
MTN is committed to bridging the system’s present data capacity deficit by investing heavily in the space, according to him, because data is a critical engine of economic growth in many economies, including Ghana’s.
“Our commitment to Ghana as a country, as well as our ambition to continue to take risks, remains unchanged, and that continues to drive us with our existing investment,” he said.
MTN Ghana is to Spend 200 Million is a joy
Mr. Adadevoh expressed excitement in how MTN Ghana, in partnership with its vendors, has revolutionized the country’s tech landscape with innovative technologies, and hinted at a possible 5G network debut next year, when speaking about the country’s decades-long history of technology.
“Innovation has been a crucial pillar of MTN’s success and a key purpose for the company. We are continually aiming to be the first to introduce the next technology, not only in terms of being the first but also in terms of bringing that technology to market and creating value from it. So there’ll be 2G, 3G, 4G, and possibly 5G next year,” he said.
MTN’s ongoing investment in research, both locally and globally, as well as relationships with other suppliers, he believes, has helped the business stay on the cutting edge of technical innovation.
When discussing the introduction of the App development Hackathon Challenge, Ayoba added, “These are things we are supporting within the country and encouraging developers and start-ups within the ecosystem to also accelerate while we promote technological advancement within the country.”
About MTN Ghana
They have been doing a lot (MTN Ghana is to spend 200 Million) in 2017 MTN Mobile Money Subscribers in Ghana had the opportunity to add insurance coverage to all their funds sent through Mobile Money, thanks to MTN Ghana’s partnership with aYo and Metropolitan Life Insurance.
What this means is that when an MTN MoMo subscriber sends money to a loved one using the aYo Send with Care cover, and should the customer be hospitalised for a night or more or due to an accident or in the unfortunate event of passing away, aYo will triple that amount the subscriber sent to his or her beneficiaries over the last 4 months and pay it out in either one lump sum or in 12 monthly installments, depending on the subscriber cover level.
Regarding how MTN Ghana is to Spend 200 Million, we now know that MTN has a plan to spend around USD 200 million by the end of the year and that this decision is based on the strong demand for data, which has increased since the coronavirus outbreak last year.
We also now know that they are striving to be the first to introduce the next technology, the more reason MTN Ghana is to Spend 200 Million not just in terms of being the first, but also in terms of bringing that technology to market and generating value from it. MTN arguably has altered the country’s digital environment with breakthrough technologies in collaboration with its vendors, hence a probable 5G network debut next year.