Bloomberg News

MTN to Spend $134 Million on Ghana Expansion, Joy FM Reports

March 13, 2012

MTN Group Ltd. (MTN)’s unit in Ghana will invest $134 million this year to expand infrastructure, Joy FM reported.

The growth should enable the company, which holds 50 percent of the Ghanaian market, to increase subscribers by 950,000 to more than 11 million, the Accra-based radio station cited Chief Executive Officer Michael Ikpoki as saying.

To contact the editor responsible for this story: Antony Sguazzin at

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