MTN Nigeria to get about $100 mln from EIB for network expansion

Oct 27 (Reuters) – MTN Nigeria said the
European Investment Bank has agreed to invest 100 million euros
($99.95 million) to support the company’s telecommunication
network expansion.

The biggest Nigerian mobile telecoms company said on
Wednesday the investment would be the largest ever EIB financing
for high-speed telecom in Africa.

The investment will benefit more than 74 million users and
will expand 4G network coverage in Lagos and Ogun states, the
company said.
($1 = 1.0005 euros)
(Reporting by Amna Karimi in Bengaluru; Editing by Shinjini
Ganguli)