In other to increase Nigerian stakeholders in the organization, MTN Group has said that it has launched a private placement offer.

This initiative reaffirms MTN Group’s commitment to Nigeria. It is one of the largest private placements by a multinational corporation to enable an increased Nigerian stake holding.

According to the Group, the private placement is a private confidential process and information driven. Therefore, nothing about the process will be disclosed until final arrangement is made.

Meanwhile, it is expected that the private placement will be completed before the end of the first quarter of 2008.

Last week, MTN Nigeria reiterated that it is mindful of its obligation to its customers and continues to make all efforts to meet and exceed their expectations.

According to MTN’s Corporate Service Executive, Mrs. Amina Oyagbola, ‘we remain totally committed to providing world class telecommunication services across Nigeria.’

She enumerated the huge investments that the company has undertaken in the last twelve months to ensure that its customers enjoy seamless services in future.

In the last six months MTN Nigeria has increased the active sites to 3,573 from 2,775.

The 500 base stations across Nigeria have been upgraded to provide more capacity, whilst security at all base station has been fortified to check menace of vandalisation of its facilities.