MTN has secured a 5G spectrum licence in Nigeria, the latest signal of its commitment to one of its most problematic but also most lucrative markets, opening the way to turbocharge network speed for consumers and businesses in Africa’s most populous country.

The cost of the licence for the airwaves band, which is also widely seen as the backbone for driverless cars and a way to redefine production in factories, was not disclosed in MTN’s brief statement on the JSE...

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