MTN, Airtel bet $400 million on Naira-priced cloud to woo startups
- MTN and Airtel are investing $400 million to expand into cloud and AI services.
- MTN plans to offer affordable cloud storage and naira-based billing to attract startups.
- Airtel is constructing Nigeria's first hyperscale data center, valued at $120 million.
The aggressive investment by MTN and Airtel in cloud and AI infrastructure represents a significant opportunity for the Nigerian tech ecosystem. However, the challenge will be to ensure that their offerings can compete with established global players in terms of reliability and performance. The success of these initiatives will depend on their ability to deliver consistent service and attract startups away from AWS and Google Cloud.
