This move by the company is seen as part of the plans to help boost its 4G coverage and provide home broadband which will be part of a rural connectivity programme.
This disclosure was made by the Chief Executive Officer of MTN Nigeria, Karl Toriola, while on a conference call with analysts and journalists for the telecom firm’s half-year, 2021, according to Reuters.
“Operationally, our mobile subscribers closed first half of the year at 68.9 million, down 9.9% from December 2020. This was due to the regulatory restrictions on new SIM sales and activations, which was lifted on 19 April 2021,” Managing Director of MTN Nigeria Karl Toriola said in a statement.
He said that MTN plans to take advantage of the road infrastructure tax credit scheme, an initiative by the Federal Government, to rehabilitate a highway in the southern part of the country to lower its tax exposure.
The Executive Vice Chairman of the Nigerian Communications Communication (NCC), Prof. Umar Danbatta, had earlier said that Nigeria expects to start auctioning spectrum for the next generation 5G network by the fourth quarter of this year.
Also, it had insisted on its support for Nigeria’s plans to secure 90% broadband population coverage by 2025, adding that its plan to sell down 14% of MTN Nigeria to Nigerian investors were at an advanced stage and would happen as soon as conditions were conducive.