Synopsis
Nigeria is one of the biggest and fastest growing telecom markets in Africa, attracting huge amounts of foreign investment, and is yet standing at relatively low levels of market penetration. Far reaching liberalisation has led to hundreds of companies providing virtually all kinds of telecom and value-added services in an independently regulated market. The mobile sector, which has seen triple-digit growth rates five years in a row since competition was introduced, has been joined by a number of additional players under a unified licensing regime which has also boosted the country’s underdeveloped Internet and broadband sector. Third generation mobile and WiMAX wireless broadband services are being rolled out at a rapid pace, backed by new national and international fibre links. After failing repeatedly in the past, the privatisation of Nitel, the incumbent national telco and its mobile arm M-Tel is currently underway again.
Companies covered in this report:
- Nigerian Telecommunications Ltd (Nitel);
- Globacom.