• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics

$3.05billion Spent On “Fibre Optic Cables” Yet Internet Connection Is Poor In Nigeria

Nairametrics by Nairametrics
November 1, 2013
in Uncategorized
Share on FacebookShare on TwitterShare on Linkedin

An article in the Guardian reports investments in submarine fibre optic cables sub-sector of Nigeria’s Information and Communications Technology (ICT) sector has been projected to hit $3.05 billion this month yet internet access in the country remains very poor.

According to the article, Nigeria has four major international submarine cables, which are on her shores;

  • These include MainOne’s 14, 000km, $250 million cable; Globacom’s 640 Gbit/s 14,000km, whose estimate is put at about $800 million, while 14,000km MTN WACS cost over $600 million. NITEL SAT3 also cost about $600 million. The Guardian checks put together, strengthens Nigeria’s undersea cable infrastructure, putting it at about $3.05 billion within the last 12 years.
  •  Nigeria has acquired a fibre optic telecommunications infrastructure measuring about 41,000 kilometres.
  • About 11,000km of the fibre optic network was laid between 2010 and 2013; and 4,000 of this capacity is terrestrial cable along power transmission line.
  • Approximately 30,000km of fibre were laid as at 2010.

 

MoreStories

Access Bank Drives Africa–Europe Trade Corridor at the Paris International Agricultural Show 2026

Access Bank Drives Africa–Europe Trade Corridor at the Paris International Agricultural Show 2026

February 27, 2026
Kenya inflation falls to 4.3% in February, easing pressure on interest rates

Kenya inflation falls to 4.3% in February, easing pressure on interest rates

February 27, 2026

Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Tags: News ReviewNigeria
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Next Post
Nabbed: Meet Sani, 15 Year Old Boy Who “Travelled To Lagos From Jos For The Sole Purpose Of Engaging In Pipeline Vandalism”

Nabbed: Meet Sani, 15 Year Old Boy Who "Travelled To Lagos From Jos For The Sole Purpose Of Engaging In Pipeline Vandalism"

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics