|By Business Wire||
|March 27, 2014 12:35 PM EDT||
Research and Markets (http://www.researchandmarkets.com/research/sblpv8/nigeria_as) has announced the addition of the "Nigeria: As Operators Invest in Networks, New Telecom Regulations Boost Competition" report to their offering.
Nigeria's mobile operators are investing heavily in expanding their networks to offer better quality and services to their existing and potential subscribers, especially those in untapped rural areas. For example, Globacom recently signed deals with Huawei and ZTE worth $1.25bn in total, and Etisalat in May 2013 secured a $1.2bn loan to fund its network expansion plans in Nigeria.
The telecom sector in Nigeria, the most populous country in Africa, generated $9.3bn in 2012. Operators in the mobile sector continue to invest in expanding their networks to offer better quality and services to their existing and potential subscribers. The operators are expected to spend billions of dollars rolling out new infrastructure to reach untapped regions. For example, Globacom recently signed deals with Huawei and ZTE worth $1.25bn in total, and Etisalat in May 2013 secured a $1.2bn loan to fund its network expansion plans in Nigeria. During the forecast period, we expect a moderate growth of 3.7% in local currency, equivalent to 1.6% in dollar terms. The mobile broadband segment is expected to grow at a CAGR of 28.1%, and mobile services in the country are expected to benefit handsomely from this development. With such a fast pace of growth for the market, an increase in congestion and a decrease in service quality is a concern for the regulator, which is expected to take further steps to ensure that subscribers are provided with the best of service.
For more information visit http://www.researchandmarkets.com/research/sblpv8/nigeria_as
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