Uptick in Internet Subscription on GSM Platforms

Must Read

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

CBN Revises Timelines for Dispense Errors, Refund Complaints

The Central Bank of Nigeria (CBN), in its determination to further enhance service quality, particularly quick refunds when customers experience...

List of Access Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number which usually identifies both the bank and the branch where an account is...
Uptick in Internet Subscription on GSM PlatformsUptick in Internet Subscription on GSM Platforms
The latest data released by the NCC, the industry regulator, show that internet subscriptions stood at 94.8 million in November, representing y/y growth of 2.6%. The figure implies the density of 51% in a population estimated at 185 million, placing Nigeria well above the African average of around 16% as estimated by McKinsey. 
 
In November there were 931,000 new internet subscriptions recorded, compared with 912,000 the previous month. MTN accounted for the largest share (35%) of total subscriptions.
 
We noticed subscription losses on 9mobile (formerly Etisalat) for the sixth consecutive month. There were slightly over 180,000 subscription losses on this network. We understand that there have been adjustments to some data packages within the network.
 
The liquidity issues experienced by 9mobile resulted in a transfer of ownership to its lenders. A bidding process for acquisition of the firm began last year, with 16 bidders indicating interest, but only five were shortlisted. Local media reports suggest that Teleology Holdings may emerge the new owner of 9mobile ahead of Smile Communications.
 
Internet subscription remains heavily dependent upon mobile network services. According to the regulator, internet subscription via mobile networks accounted for over 95% of total subscriptions in November.  

Read Also:  MTN Halts Who Wants To Be A Millionaire On Nigerian TV

Uptick in Internet Subscription on GSM PlatformsAccording to the NCC, 120,000km of fiber network are required to boost broadband penetration, and only 32% has been covered. The financial implication of laying fiber network across the country is estimated at N17.4bn. That is, with a unit price rate of N145/meter.

For Nigeria to become an active member of the current digital transformation within the global village, huge investments in telecommunications infrastructure are required. Broadband penetration is currently 21%. 

- Advertisement -
Uptick in Internet Subscription on GSM PlatformsUptick in Internet Subscription on GSM Platforms

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Uptick in Internet Subscription on GSM PlatformsUptick in Internet Subscription on GSM Platforms

Latest News

3,000 Primary, Secondary School Teachers Recruited in the Last One Year – Lagos State Commissioner

The Honourable Commissioner for Education in Lagos State, Mrs. Folasade Adefisayo has disclosed that a total of 3,000 Primary...

REGIONAL ROAD: Lagos Govt Revokes Titles of Lekki Land Encroaching Right-of-Way

…Elegushi Royal House loses part of family land to road construction Sequel to the order by the Lagos State Governor, Mr. Babajide Sanwo-Olu, directing the...

UPDC Plc Lists 15.96Bn Additional Shares From Its Rights Issue on NSE

UACN Property Development Company Plc: Listing of Additional Shares (Rights Issue of 15,961,574,145 Ordinary Shares of 50 Kobo Each at N1.00 Per Share). Dealing Members...

LASG Has Significantly Reduced Destitute Persons on Lagos Streets – Dawodu

…Releases 1,983 Rehabilitated Persons For Re-Integration In One Year The Honourable Commissioner for Youth and Social Development, Mr. Olusegun Dawodu, on Tuesday, said Lagos has...

LASG Begins Health Insurance Scheme for Workforce

The Lagos State Government, in its commitment towards ensuring that all its workforce have access to good, quality and affordable healthcare, has commenced the...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -Uptick in Internet Subscription on GSM PlatformsUptick in Internet Subscription on GSM Platforms