MTN's new CEO starts job committing to investment in largest markets of Nigeria and South Africa

Rob Shuter, CEO, MTN Group

Rob Shuter used his first quarterly report as chief executive officer of MTN Group Ltd. to commit the wireless operator to major investments in its biggest markets of Nigeria, South Africa and Iran.

The spending plan “is expected to support further market share gains,” Shuter said in a statement on Wednesday. Africa’s largest carrier will also strive to take advantage of the continent’s relatively low data use and increase the range of services, he said.

“While we still have work to do to meet our full-year targets, we continue to leverage off the progress made during 2016 and are encouraged by the progress,” said the former Vodafone Group Plc executive.

Read more: MTN CEO Starts Job by Committing to Investment in Larger Markets – Bloomberg