LH acquires majority stake in 9mobile, reeconstitutes board

  By Favour Unukaso Following the approvals of the Nigerian Communications Commission and the Federal Competition and Consumer Protection Commission as required by law, Emerging Markets Telecommunication Services Limited, operating under the trade name 9Mobile, is pleased to announce the completion of an equity investment by LH Telecommunication Limited.     The investment, which was... Read More

9mobile denies involvement in any bank debt, court order

By Favour Unukaso Telecommunications firm, 9mobile has denied any involvement in the N55 billion debt owed to Keystone Bank by its minority shareholder, Teleology Limited, as it was not a party to the case in court.    The company denied this in a statement, at the weekend, while responding to media reports claiming that... Read More

Telecoms operator injects N70b on network modernisation, 600 new sites

TELECOMMUNICATIONS firm, 9mobile has disclosed that it has injected over N70 billion in network modernisation and expansion in the country.       Chief Executive Officer of 9mobile, Juergen Peschel, disclosed this in Lagos, when he spoke on, “Re-engage to Succeed”, informed that 9mobile is on the path of resurgence, “we are taking back lost territories in... Read More

Nigeria’s active telephone lines hit 222m as telcos share 25.1m subscribers in 2022

    By Staff Reporter TELECOMS operators in Nigeria added some 25.1 million telephone lines to the country’s network in 2022, statistics from the Nigerian Communications Commission (NCC) have revealed. These 25.1million included new lines that were activated and those who were reactivated after they were barred due to their non-compliance with the NIN-SIM... Read More

Telcos want cost-based tariff in 2023 as broadband users hit 88.2m

By Favour Unukaso LATEST subscription statistics from the Nigerian Communications Commission (NCC) have revealed an increase in broadband usage in the country. The statistics, the November 2022 edition, showed that Internet subscription via the narrow band increased slightly within the period under review by 171,375, while broadband usage garnered fresh 1.32 million subscribers, rising... Read More

New spectrum auction to fetch FG $5476m as NCC sell last two lots of 5G frequency

By Favour Unukaso THE coffers of the Federal Government is expected to be $547 million richer following plans by the Nigerian Communications Commission (NCC) to auction two more Fifth-Generation (5G) network licences in the country.   In the Information Memorandum (IM) on 3.5 GHz Spectrum Auction revealed at the weekend, which NCC used to... Read More

983,174 telephone lines activated in August 

By Favour Unukaso BY the end of August, telecoms operators activated 983, 174 telephone lines, which pushed active subscriptions from 208,969,445 million in July to 209,952,619 one month after.   The activation of the lines ensured that the country’s teledensity also leaped by 0.52 per cent, rising from 109.47 per cent in July to 109.99... Read More