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Telecoms firm MTN to invest $1.6 bln in Nigeria - statement

Published 30/01/2020, 12:27
© Reuters.  Telecoms firm MTN to invest $1.6 bln in Nigeria - statement

JOHANNESBURG, Jan 30 (Reuters) - Telecommunications firm MTN

Group MTNJ.J , 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 programme 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withdrawn a $2 billion tax demand against MTN. (Reporting Olivia Kumwenda in Johannesburg, writing by Libby

George; editing by David Evans)

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