Rwanda’s largest telecoms company, MTN has announced plans to invest $20 million to improve its services and further retain its position as the nation’s leading telecommunications company. This was announced by the network’s Chief Executive Officer, Ebenezer Asante.
Over the past 5 years, he said the network has invested about $200 million since 2009. He added that it is ready expand its coverage across the country.
On the sale of the network’s towers last year, he said the decision was reached as a way of reducing its operational costs and focusing on data distribution and voice services.
He said: “The past year was the right time for MTN Rwanda to sell off its towers and focus on what we do best.”
Last year, the network had more than 3 million subscribers, representing about 74% of the market and its subscriber base increased by 5%.
The value of its share also increased by 70% as data revenue grew by 27% as a result of the increasing use of smart phones.
MTN Mobile Money users in Rwanda also grew, crossing the 1 million users mark as the company plans to launch a cross-border money transfer service.