Nigerian telecom operator, MegaTech Networks says that it plans to invest at least US$500 million to roll out a CDMA based network across 23 of the country's 36 states. The company was recently granted a Unified Access Licence from the Nigerian Communications Commission (NCC), which includes support for 3G services.
The company has already signed a US$100 million contract with China's ZTE for network infrastructure supplies. Services are expected to be launched before the middle of this year.
Chairman of the company, Alhaji Aliyu Abubakar said at a recent press conference that the company is seeking an outside investor to assist in financing the national network rollout