MTN GROUP LIMITED - MTN Nigeria Communications Plc (MTN Nigeria) Acquires additional 800MHZ Spectrum

MTN Nigeria Communications Plc (MTN Nigeria) Acquires additional 800MHZ Spectrum

MTN Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/009584/06)
(Share code MTN)
(ISIN: ZAE000042164)
(MTN Group or MTN)


MTN NIGERIA COMMUNICATIONS PLC (MTN NIGERIA) ACQUIRES
ADDITIONAL 800MHZ SPECTRUM

We are pleased to announce that MTN Nigeria has acquired
additional 10MHz spectrum in the 800MHz band from Intercellular
Nigeria Limited. The Nigerian Communications Commission (NCC)
has approved the transaction and assigned the frequency to MTN
Nigeria. The acquisition will significantly improve customer
experience, in line with our commitment to deliver excellent
service quality to our subscribers.

Commenting on the acquisition, Karl Toriola, Chief Executive
Officer, MTN Nigeria said, “Through this acquisition, we will
be better positioned to support the deepening of broadband
penetration in the country. The added resources will also
greatly impact our customers’ experience providing even better
internet connectivity. It is our goal to keep finding ways to
grant everyone access to a modern connected life.”


Fairland

12 March 2021

Lead Sponsor

J.P. Morgan Equities South Africa Proprietary Limited

Joint Sponsor

Tamela Holdings Proprietary Limited

Date: 12-03-2021 09:56:00
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