5G rollout raises telecom foreign investment by 129%

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Fifth-generation technology rollout and investment in communication infrastructure increased foreign investments into the telecommunication sector by 129.21 per cent in the first 11 months of 2022, according to capital importation data from the Central Bank of Nigeria.

According to telecom experts, 5G is expected to headline network investment and drive foreign investment into the sector. In recent years, foreign investments have reduced in Nigeria due to a myriad of factors. Despite this, experts say the profit margins and growth recorded in the communications sector will continue to drive growth.

“The rollout of 5G is driving investments, which are coming from abroad. The purchase of 5G investment is also driving growth.”

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:

 /  🏆 8. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Maka I de manage my 3G network

United States United States Latest News, United States United States Headlines

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

FG made N2.83trn from company income tax in 2022 -- up by 116% in one year | TheCableThe federal government generated a total of N2.83 trillion from company income tax (CIT) in 2022, an increase of 116 percent from its 2021 figure. The National Bureau of Statistics And we have 133 million persons living in multidimensional poverty in same country! A case of the rich keep getting richer and the poor, poorer💔 Where is d impact and how exactly do dey make dez monies.... Is it not by squeezing d citizens? Yet we don't feel d positive impact of d revenues generated, no road, everyday accident, no light, no justice, no security.... I tire for naija abeg Show us the Impact on its citizens or rather the Country as a whole .... They re using our funds to acquire properties overseas , if they so much cared bout this country , why are their kids overseas ?
Source: thecableng - 🏆 2. / 80 Read more »