MTN will hike prices to build more backup power

MTN will pause plans to build new network infrastructure so that it can equip its existing towers with backup power.

MTN will pause plans to build new network infrastructure to equip its existing towers with backup power., citing comments made by MTN South Africa CEO Charles Molapisi earlier this week.Of MTN’s 2023 capital expenditure budget of R9 billion, the network operator expects to use up to R2 billion to equip base stations with alternative power sources like batteries, generators, and solar power.

Rolling out this backup power will slow MTN’s investment in growing its network infrastructure — including in the crucial and competitive 5G market. However, he noted that 5G rollout plans wouldn’t be completely paused, and would be reviewed on a monthly basis to see what could be done.News of MTN’s reduced priority on building new network infrastructure is a disappointing twist in what has otherwise been an excellent March for the company.This included an increase in MTN South Africa’s revenue and EBITDA of 3.9% and 4.7%, respectively.

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