Nigeria - Key Statistics, Telecom Market and Regulatory Overviews
Nigeria has one of the biggest and fastest growing telecom markets in Africa, attracting huge amounts of foreign investment. Far reaching liberalisation has led to hundreds of companies providing all kinds of telecom and value-added services in an independently regulated market. The mobile sector, which saw triple-digit growth rates five years in a row after 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 and fourth generation (3G/4G) mobile and WiMAX wireless broadband services are being rolled out at a rapid pace, backed by new national and international fibre links. After a decade of failed privatisation attempts, the incumbent national telco Nitel and its mobile arm M-Tel are in liquidation, with the NATCOM Consortium securing the telco in December 2014 for some $252 million
Government sells national telco Nitel and M-Tel subsidiary at fourth attempt, for $252.2 million; government proposes reduction in telcos taxes to boost sector investment; Lagos State government agrees to abolish arbitrary charges on telcos in the state; regulator cracks down on poor quality of service; new price caps and lower interconnection rates; number portability finally introduced; efforts continue to promote infrastructure sharing; report update includes recent market developments.