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National telecommunications operator, Globacom, has been declared the Nigerian Brand of the Year. The company won the award at the Nigerian Television Authority – Integrity and Service Programme (NTA-ISP) Award held at the Aso Villa, in Abuja on Tuesday night. The organisers said at the event, which was attended by several high profile guests, that Globacom was chosen as Brand of the Year for its pioneering role in the telecoms industry, describing it as the “African Brand with Global Aspirations”. Globacom, they explained, was a modern telecoms network offering unique and advanced products and services as well as the most convenient and competitive data and voice price plans. The organizers also recalled that Globacom had deepened internet penetration in Nigeria through its nationwide fibre optic cable, Glo 1 submarine cable and the 4G LTE services which the operator had extended to 33 locations across the country. Senator Abdullahi Adamu, who represented the Senate President at the e...

The amount also represents the estimated revenue raked in by various telecoms companies across Global System for Mobile Communications (GSM),Code Division Multiple Access (CDMA) and fixed wired/wireless networks. In 2015 and 2016, estimated spending of subscribers on airtime purchases to access both voice and data services on the devices were conservatively valued at N2.8 trillion and N3.3 trillion respectively, as analysed by this newspaper.   It was gathered that the airtime credits were purchased across different platforms such as the physical recharge card option, the virtual top-up (VTU) done through USSD code, subscribers’ bank accounts domiciled on their mobile devices, vending on web-based platforms, as well as on Automated Teller Machines (ATMs).   The estimated airtime spending and revenue for subscribers and telcos respectively, was

The MTN Group plans to raise about $500 million from the sale of shares in its Nigerian business during the first half of the year, fulfilling the terms of a deal struck with the West African nation to settle a record fine, according to people familiar with the matter. Standard Bank Group Limited and Citigroup have been advising Africa’s largest mobile-phone company on the disposal of as much as 30 percent of the Lagos-based unit on the Nigerian Stock Exchange, Bloomberg quoted people who asked not to be identified as the details aren’t public. Most of the shares will be sold to local institutions and individuals, though foreign investors could be brought in to ensure the process is a success, one of the people said. Discussions are on-going and a final decision hasn’t been made, they said. Spokespeople for MTN and Citigroup in Johannesburg didn’t immediately comment. Standard Bank didn’t immediately respond to calls seeking comment. MTN agreed to list the Nigerian unit as part of a Ju...