Airtel, one of Nigeria’s top 3 GSM providers, has concluded arrangements to upgrade its network. Here‘s what we know about the upgrade:
- The upgrade is in partnership with ZTE Corporation of China.
- The company will start moving customers to 4G network in three or four months.
- The company believes the network upgrade will help it add more customers and close the gap between itself and MTN.
Managing Director of the company, Segun Ogunsanya said the telecommunications industry in Nigeria has witnessed huge demand for data, and revenues from it would soon become a major earnings driver in a few years. Nigeria has a large youthful population, and the ICT sector is witnessing huge growth as companies adapt to Fintech and other applications of IT. Entertainment content is increasingly being viewed online than traditional media.
Several banks in the country have launched their mobile apps. UBA this week launched its mobile app, and Stanbic IBTC few weeks ago launched Appyness its mobile app that gives access to all products under its stable. MTN Nigeria had the largest number of mobile subscribers in the country with 60.4 million customers as at March 2017.
Recently released results by Bharti Airtel, parent company of Airtel Nigeria show it made a profit of $6 million for the period ended 2016.