• MTN Nigeria CEO, Karl Toriola


MTN Nigeria is in the process of renegotiating its tower contracts to drive periodic reviews.


The firm noted that these contract renegotiations are important in mitigating the impact of forex liberalisation and higher energy costs.


The firm stated this against the backdrop of its recent award of tower contracts to ATC and the imminent renewal of another 1,500 site contracts.


The Chief Executive Officer of MTN Nigeria, Karl Toriola, gave this insight at the recent MTN Nigeria’s Capital Markets Day.



He said, “Efficient tower contracts are key in driving cost-effective, deep broadband penetration and leading technology across our operations, and in our quest of achieving differentiated value, we will from time to time review the contracts we have with our partners to ensure they optimally meet our site requirements.



He said, “Efficient tower contracts are key in driving cost-effective, deep broadband penetration and leading technology across our operations, and in our quest of achieving differentiated value, we will from time to time review the contracts we have with our partners to ensure they optimally meet our site requirements.