MTN raises capital spending in S.A by 50 per cent - CNBC Africa

MTN raises capital spending in S.A by 50 per cent

Financial

by Reuters 0

Photo: Wikimedia

JOHANNESBURG (Reuters) - South Africa's MTN Group said on Thursday it had revised its capital spending in its home market up by 50 percent to 12 billion rand ($756 million) in 2016 as the mobile operator aims 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.

(Reporting by Nqobile Dludla and Zandi Shabalala; Editing by James Macharia)

 

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