Telecoms group MTN would spend R24.4-billion on key infrastructure projects to support voice quality, capacity and data growth during 2012, it said on Wednesday.
Nigeria would be allocated the largest portion of the capital expenditure (capex) at R13.6-billion over an 18-month period. MTN said that about R10.5-billion of this would be spent during 2012, compared with R6.3-billion spent in 2011.
South Africa was set to receive R4.6-billion capex, up from R4.1-billion last year, while MTN’s Iranian operations would get R1.3-billion for the year ahead. Ghana was allocated R1.1-billion, compared with the capex of R851-million spent in 2011.
MTN noted that the first half of 2011 experienced delays in projects and open orders, which resulted in a reduced capex for the year to R17.7-billion – 9% lower than the authorised R22.1-billion. However, the company said that a significant portion of the outstanding capex was committed to completing projects during the first half of 2012.
Corrective action and measures were implemented to ensure that capex programmes moving forward were delivered more effectively.