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Globacom Propels Growth in Nigeria’s Telecoms Sector in Q3, 2020

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Globacom Propels Growth in Nigeria’s Telecoms Sector in Q3, 2020

January 26
18:18 2021
Globacom Propels Growth in Nigeria’s Telecoms Sector in Q3, 2020
Globacom, drove the growth in Nigeria’s telecommunications industry in the third quarter of 2020, according to data released by the National Bureau of Statistics (NBS).

Lagos, Nigeria – January 26, 2021 – Globacom has soared high in their aspiration to build Africa’s biggest and best telecommunications network with millions of subscribers in Nigeria and Ghana. 

They have made history as the first single company to build a high-capacity sub-marine fiber optic cable, popularly known as Glo-1, a wholly owned facility that brought unprecedented bandwidth from Europe to Nigeria and other West African countries. It was the first successful submarine cable from the United Kingdom to Nigeria; with the attendant high increases in internet speeds and download rates with resultant significant improvements in online technologies. 

Globacom, drove the growth in Nigeria’s telecommunications industry in the third quarter of 2020, according to data released by the National Bureau of Statistics (NBS). The data showed that the sector grew substantially in the quarter propelled by data subscriptions which rose by 23 percent year on year to stand at 151,063,413 million subscribers at the end of September 2020. The figure for the corresponding period of 2019 was 122,792,291. 

While Globacom recorded a 33.2 percent growth in its internet subscriber base between September 2019, and September 2020, MTN which came second had a growth percentage of 24.5 during the same period. Airtel, on its part, recorded 21.4% growth year on year. On the other hand, the NBS report showed that the fourth operator, 9mobile, witnessed a decline during the period under review. The network suffered a 14% slide in its internet subscriber figures between September 2019, and September 2020. 

Globacom’s remarkable performance in the sector is believed to be a result of the continuing network upgrade which has enhanced data service delivery to its subscribers. Company sources say Globacom is also continuing the extension of its massive fiber routes pan Nigeria at an accelerated pace so as to further improve broadband penetration and the range of Glo 4G+ data services to all parts of the country. 

Latest News from Globacom states that to further give its customers a delightful experience, Globacom, is availing all inactive prepaid customers who have not used their lines for 30 consecutive days with 22 times value on every recharge of N100 and above. With the 22X offer, subscribers who recharge with N100 will be credited with N2,200 value. 

For further information, visit: https://www.gloworld.com/ng/

Media Contact
Company Name: Globacom Limited
Contact Person: Media Relations
Email: Send Email
Phone: +2348050020121
City: Lagos
Country: Nigeria
Website: www.gloworld.com/ng/