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Nigeria finalising $6 billion loan for Telecoms Infrastructure

Nigeria, part of a collection of countries whose population have an increasing need and demand for ICT have seen a rise in the past few years in their adoption of both broadband services and mobile phones subscriptions. Since 2011, mobile subscription have gone from 68.5 percent of the population to 83% in 2013. Similarly, the use of internet services has risen from 29% in 2011 to 36% in 2013. These rises have fueled the countries desire to invest heavily in their telecoms infrastructure, in order to keep pace with the rest of the world and offer the economic opportunities that come with it.

The Nigerian Minister for Communication and Technology, Mrs Omobola Johnson has now made it known that they are finalising a loan of $6 billion, which will largely be used to improve the country’s telecoms infrastructure. This means building more base stations, which allows people to connect with the telecoms providers from more locations. It also means that the base stations that are lost to continued bombings and flooding will not affect as many residents as it has in the past – allowing them to connect to another base station instead.

The loan is seen as a much needed instrument in overcoming the barriers that have plagued the growth of the industry and base station development. Mrs Johnson referred to “Delays and operational costs, due to multiple regulation and unstandardised application” as the main protagonists behind the developments, also citing separately that crime and vandalism were to blame.

We’re currently unsure when the loan and the effects of the loan will be seen, but this is surely good news for Nigerian telecoms and those that want to phone Nigeria as well.

Article by Darren Kingman

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Business Health Miscellaneous Mobile Phones Networks News

Emerging markets telecoms revenue set to surpass developed markets in 2015

A recent report published by Pyramid Research has highlighted that with the continued growth of the emerging markets and the corresponding growth of their telecoms industries, it is estimated that when 2015 hits, the total revenue produced by these markets will surpass that of developed countries.

The report – “Pyramid Perspective 2013: Top Trends in the Global Communications Industry” explains that “Exposure to emerging markets has become a critical factor for success in an industry characterized by stagnation in developed markets, intense competition, consumer choice and disruptive business models”. This was the basis for the belief that developing countries will see a continued growth in their telecoms industries that will outpace developed countries by a rate of 5 to 1.

The Managing Director of Pyramid Research, Daniel Amparan stated that 2013 will be a year of continued innovation and increased expertise in the telecoms industry for these countries, including Nigeria, who are thought to be among the fastest growing. He particularly highlighted that milestones that will be hit within the year – “Mobile subscribers in Africa & the Middle East region will surpass the one billion mark in the first quarter, making it the second region to reach this milestone after Asia-Pacific.”

These are exciting times for those in these markets, which is also set to see an increase in foreign investment. This will improve the infrastructure within of telecoms industry making it faster and potentially more stable. We will also likely see a heightened competitiveness for subscribers. For consumers, this will only be good news, as service providers will aim to provide lower costs packages and increased value.

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