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Home Business News

Ericsson wants a bite of Nigeria’s Telco business

Nairametrics by Nairametrics
October 17, 2017
in Business News, Company News
Ericsson wants a bite of Nigeria’s Telco business
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Ericsson Group in Nigeria is looking to deploy broadband services to areas that are under-served and areas that are yet to be served.

This was stated by Mr Shitlesi Makkhofane, the company’s Government and Industry Relations Manager while visiting the offices of the Nigerian Communications Commission yesterday.

According to Mr Makkhofane, the move was necessitated by speculations of the expected demand for the broadband services after examining the Nigerian telecommunications market which according to him is yet to fulfill its full potentials.

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He made mention that Ericsson will use the latest technology in deploying these services in line with NCC’s Eight Point Agenda with emphasis on availability, accessibility and affordability.

Mr Makkhofane said his company would be seeking clarifications regarding licenses and regulatory compliance which will extend to their equipment as they intend to explore the realities of the Internet of Things (IoT) and 5G networks.

The only downfall however as expressed by Mr Makkhofane is the unavailability of FOREX and the implications that the unavailability may cause.

Mr Sunday Dare, the Executive Commissioner, Stakeholder Management who received the Ericsson team on behalf of the NCC was elated at the idea and while commenting on the issues raised by the Ericsson team assured them the management of the NCC would continue to do all it its power to provide an atmosphere to attract investments for the development and growth of the telecommunications in Nigeria.


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Tags: Ericsson GroupForeign Direct Investmentforeign telcosNigerian Communications Commission (NCC)Telecommunications
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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.

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