GSM firms to spend $6.25b on network upgrade

The four Global System of Mobile telecommunications operators in the country – Airtel, Etisalat, Globacom and MTN – will spend a combined amount of ₦980.35 billion to boost infrastructure and enhance the performance of their networks this year.

The investments are expected to upgrade the networks of the operators and help them address the poor quality of service prevalent in the industry in recent times.

Airtel Nigeria is investing $1.5 billion (₦235.5 billion); Etisalat Nigeria, $500 million (₦78.5 billion); Globacom, $1.25 billion (₦196.25 billion); and MTN Nigeria, about $3 billion (₦470 billion).