MTN Nigeria plans to use road infrastructure tax credit scheme to cut exposure

Tuesday 3 August 2021 | 09:54 CET | News
Update: 3 August 2021 | 10:58 CET
MTN Nigeria says it has concluded plans to invest USD 1.5 billion over the next 3 years to expand broadband access,  Reuters reported. This is part of its plans to boost its 4G coverage and provide home broadband in a rural connectivity programme. MTN Nigeria CEO Karl Toriola said that the operator plans to take advantage of the road infrastructure tax credit scheme, an initiative by the government to rehabilitate a highways in the southern part of the country, to lower its tax exposure.

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[03/08/2021 10:58- Update: Adds remarks from H1 financial report]

Categories: Mobile & Wireless
Companies: MTN Nigeria
Countries: Nigeria
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