MTN raises 2016 investment capital by 50%
South Africa’s MTN Group said on Thursday that it had revised its capital spending in its home market up by 50 per cent to 12 billion rand ($756 million) in 2016.
In a statement in Johannesburg, the mobile operator said the aim was to improve infrastructure and fund acquisitions.
MTN had said in March while releasing its annual results that it would spend 8 billion rand in capital expenditure.
The firm had spent 11 billion rand on capital expenditure in its South African in 2015. (Reuters/NAN
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