JOHANNESBURG – South Africa’s MTN Group said on Thursday it had revised its capital spending in its home market up by 50 percent to 12 billion rand ($756 million) in 2016 as the mobile operator aims to improve infrastructure and fund acquisitions.
MTN had said in March while releasing its annual results that it would spend 8 billion rand in capital expenditure. The firm had spent 11 billion rand on capital expenditure in its South African in 2015.(Reuters)