Africa’s largest telecoms operator, MTN, has raised its capital expenditure forecast for 2020, saying it is seeing encouraging trends as Covid-19 restrictions ease across the regions in which it operates.
Voice traffic and revenue, which initially came under significant pressure, have been recovering, the group said, adding it was looking to accelerate its network investments. MTN reported group service revenue rose 11.4% in the nine months to end-September, but was under some strain in SA, where it only rose 2.1%.
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