Telcos to Commit $76bn in Five-Year CapEx

Telcos to Commit $76bn in Five-Year CapEx

African telecom operators will spend $76bn on network hardware over five years. Industry lobby group GSMA expects capital expenditure to peak before 2030. Heavy private spending must boost coverage and service quality across the continent. Mobile networks currently contribute $240bn to African economic output annually. Capital investments drive regional digital expansion. Big corporate bets face…

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MTN, Flour Mills Among 38 Firms Flouting Lagos Power Rules

  The Lagos State Electricity Regulatory Commission has named 38 companies operating across Lagos that have failed to apply for licences and the necessary regularisation despite repeated directives, raising fresh questions about compliance in the state’s emerging electricity market. The firms, which include MTN, Flour Mills, Golden Penny, First Global Commerce Solutions Limited, African Steel…

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Smartphone Boom Drives N1.5tn MTN, Airtel Data Windfall

Smartphone Boom Drives N1.5tn MTN, Airtel Data Windfall

MTN Nigeria and Airtel Africa have amassed a combined data revenue of N1.53 trillion in their latest financial results, propelled by a sharp rise in smartphone adoption and internet consumption. The figures underscore the shifting commercial realities of the country’s telecommunications sector, where digital services are rapidly displacing traditional voice calls as the primary engine…

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Fresh Xenophobia Claims Spark NANS Protest Threat

  The National Association of Nigerian Students, South West Zone D, has announced plans to stage demonstrations at South African businesses operating in Nigeria, following fresh reports of xenophobic attacks that allegedly claimed the lives of two Nigerian nationals in South Africa. The association, in a statement signed by its South West Zone Coordinator, Comrade…

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