MTN cuts core infrastructure spending as capex soars to N1.53tn

MTN Nigeria lowered spending on core infrastructure projects in 2024, even as its capital expenditure soared 168.3 per cent to N1.53 trillion, largely driven by tower lease renegotiations that deepened its financial obligations. Without the lease component, MTN’s spending on critical infrastructure like fibre networks, base stations, and technology upgrades dropped to N443.5bn from N449.3bn

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