New operator targets Nigeria’s $80 billion telecoms market

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 94%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

“It could make sense to be in economies such as Nigeria and South Africa.”

Specifically, Orange, the largest telecommunications operator in France, says it is making plans to expand its operations to Nigeria, and South Africa.

He, however, declined to comment on possible interest in MTN Group Ltd., the largest telecommunications company in South Africa and Nigeria. Orange had earlier announced that it would merge its operations in the Middle East and Africa into a single entity, to make way for a potential listing and raise money for expansion to other countries.

Orange announcement comes six months after it officially inaugurated the Orange Middle East and Africa operational head office in Morocco. The coming of these operators spurred what is today called ‘telecom revolution’. Prior to 2001, Nigeria could only boast of about 425,000 phone lines, mostly analogue. The country was then ranked among Afghanistan and other war-ravaged and economically-strangled nations in terms of telecom development. Within the past 18 years, the number of active phone lines in the country has risen to over 180 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Profit taking: Stock market loses N21bnTransactions on the Nigerian Stock Exchange (NSE) returned to negative territory on Thursday with the market capitalisation dropping N21 billion.
Source: PremiumTimesng - 🏆 3. / 78 Read more »