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The recent Ericsson Mobility Report has ranked Nigeria as the country with the third highest mobile subscriptions additions globally as of the first quarter of 2021.
It also projected increase in 5G subscriptions from 2022, to reach seven per cent in 2026. The report stated that India had the most net additions of over 26 million, followed by China with over six million and Nigeria with over three million mobile subscriptions additions. According to the report, by the end of 2026, sub-Saharan Africa would have around 70 million 5G subscriptions, while attributing the projected increase to the COVID-19 pandemic, which it said, led to the implementation of online education at schools and universities as well as remote working in Nigeria, which increased to 72 per cent and 62 per cent respectively… More details through: https://www.thisdaylive.com/index.php/2021/07/08/nigeria-ranked-high-in-mobile-subscription/
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MTN Nigeria plans to invest N640 billion (approximately US$1.5 billion) over the next three years to expand broadband access across the continent’s most populous country in line with the Federal Government’s 2020-2025 National Broadband Plan and in support of MTN Group’s strategy, Ambition 2025: Leading digital solutions for Africa’s progress.
“Nigeria is one of our most important markets. We have a proud history of partnering with Nigeria and Nigerians to drive faster and more inclusive growth through digital transformation,” said MTN Group President and Chief Executive Officer, Ralph Mupita, after a three-day visit to Abuja and Lagos, in which he met a number of key stakeholders… More details through: https://www.sunnewsonline.com/mtn-to-invest-n640bn-to-expand-broadband-access/ Executive Vice Chairman, the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, on Monday disclosed that the number of clusters of access gaps has been reduced to 114 from 217, in the Commission’s efforts to ensure that more Nigerians are digitally included in the ICT ecosystem.
He revealed that Nigeria’s telecoms sector had reached basic internet subscription of 154 million; over 87 million broadband subscriptions, representing 45.93 per cent broadband penetration; over 207 million voice subscriptions with teledensity standing at 108.94 per cent as at October, 2020. Danbatta made the disclosures when hosted a delegation from Autoridade Reguladora Nacional (ARN), the Telecom National Regulatory Authority of Guinea-Bissau who were in a week-long benchmarking visit to the Commission in Abuja recently… More details through: https://www.sunnewsonline.com/internet-subscription-hits-154m-in-nigeria/ The Information and Communications Technology (ICT) sector retained its position as the sector with the highest growth rate of all the main sectors of the Nigerian economy in the first quarter of 2021 (Q1 2021).
Consequently, the Minister of Communications and Digital Economy, Isa Pantami expressed delight over the development. According to the NBS, “Nigeria’s Gross Domestic Product (GDP) grew by 0.51%(year-on-year) in real terms in the first quarter of 2021, marking two consecutive quarters of growth following the negative growth rates recorded in the second and third quarters of 2020”. The Report noted that in terms of contribution to aggregate GDP, the oil sector accounted for 9.25% of aggregate real GDP in Q1 2021, while the non-oil sector accounted for 90.75% of aggregate GDP in the first quarter of 2021… More details through: https://www.sunnewsonline.com/nbs-ict-retains-position-as-fastest-growing-sector/ Nigeria’s biggest data services firm, MainOne Cable Co., plans to almost double storage capacity over the next two years after demand for its services increased in West Africa.
The Lagos-based company, which provides undersea cable and broadband connectivity, will increase the capacity of data centers to about 900 racks next year from 714 racks currently and add additional 300 racks by 2023 if demand is sustained, Emmanuel Kwarteng, country manager for Ghana said in an interview. It is building a 130-rack facility in Lagos that will be completed this year, and plans to add a 50-rack center in Cote de’Ivoire in 2022 and expand a 104-rack Ghana facility to 400 racks by 2023, he said. “We see the data center market growing a lot in Ghana and Nigeria, with demand from financial institutions, manufacturers, oil and gas companies and enterprises,” Kwarteng said. Demand in Ghana is being driven by institutions seeking to comply with government requirements to store their data locally, as well as in primary and back-up facilities, according to the country head… More details through: https://www.bloomberg.com/news/articles/2021-05-21/nigeria-s-biggest-data-center-to-double-capacity-on-demand-surge US-based Space Exploration Technologies (SpaceX) is vying for licences to launch its Starlink Satellite internet services in Nigeria. The venture unit founded by billionaire entrepreneur Elon Musk, said it has been in talks with Umar Danbatta, executive vice-chairman of the Nigerian Communications Commission (NCC) over the past several months…
More details through: https://businessday.ng/technology/article/elon-musks-spacex-eyes-internet-market-in-nigeria/ Nigeria inched towards the deployment of 5G communications technology on Wednesday as the Nigerian Communications Commission and Nigerian Communications Satellite Limited signed a Memorandum of Understanding for the use of C-Band spectrum on Nigerian communications satellite for 5G services.
The C-Band spectrum is expected to play a critical role in helping the nation achieve enhanced broadband and ultra-reliable latency communication. Chairman, Board of Commissioners, at NCC, Prof. Adeolu Akande, said at the event in recent times, several administrations had begun to license spectrum for commercial deployment of 5G… More details through: https://punchng.com/nigeria-nears-5g-deployment-as-ncc-nigcomsat-sign-mou/ Telecommunications firm, MTN is committing about $10 billion in the next five years to improving infrastructure, especially telecoms on the continent.
The firm, which operates in about 17 African countries, with the largest market being Nigeria, said investment in the telecommunications industry is only going to increase in the years ahead. The President and Chief Executive Officer of MTN Group, Ralph Mupita, disclosed this during the latest episode of ‘Connecting Africa’ when he spoke with CNN’s Eleni Giokos, who was exploring how Africa’s telecommunications industry is transforming business and gearing up for a more interconnected continent… More details through: https://guardian.ng/business-services/mtn-to-invest-10b-on-nigeria-other-africas-telecoms-infrastructure/ Global payment processor Mastercard Inc will invest $100 million in Airtel Africa’s mobile money operations, valuing the business at $2.65 billion, the London-listed company said on Thursday.
Airtel Africa is targeting a public listing of Airtel Mobile Commerce BV (AMC BV) within the next four years. Earlier this month, private equity firm TPG’s The Rise Fund invested $200 million in AMC BV. Airtel Africa, which offers Airtel Money in Nigeria in partnership with a local bank, said it aims to have all mobile money operations to be owned and operated by AMC BV… More details through: https://www.reuters.com/article/idUSL4N2LU1TB Telecommunications firm, Airtel Africa, has struck deals with Helios Towers for the sale of its towers in Madagascar and Malawi for a combined $108 million, alongside agreeing on exclusive negotiations over similar assets in two other markets.
The operator noted that the two sealed deals were standalone transactions, which are expected to close in Q4 subject to regulatory approval. As is common in tower agreements, the seller agreed to lease back access to the sites. The two contracts, according to a statement, cover a combined 1,299 towers but also include an obligation on Airtel Africa to build a further 195 sites across the two countries within three years of completion at a cost to Helios Towers of a further $11 million… More details through: https://guardian.ng/business-services/airtel-africa-helios-towers-sign-108m-asset-sale-deal/ |
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