(MENAFN) A new report by the Association of Licensed Telecoms Operators of Nigeria (Alton) said that Nigerian telecommunications companies operating non-GSM technology can now compete with dominant rivals, such as MTN Group Ltd. (MTN), helped by takeovers and new investments, Bloomberg reported.
Last month, Nigerian telecoms operator Starcomms Plc agreed to buy 90.5 percent of Capcom Ltd for USD210 million investment of cash and assets.
Starcomms will get assets including a license operated by MTS First Communications Ltd. and the mobile-phone business of Multi-Links Telecommunications Ltd., giving it the biggest spectrum allocation for any mobile operator in Nigeria and making it the first able to run the faster 4G data services, according to the statement.
Nigeria is Africa's most populous nation with more than 160 million people, and has one of Africa's fastest-growing telecommunications industries, with about 107 million telephone subscribers as of September, according to industry regulator, the Nigeria Communications Commission.
The Code Division Multiple Access, or CDMA, networks have about 4.8 million customers, or a 3.02 percent share of the country's phone subscribers, with fixed lines at 0.44 percent and the global system of mobile communication, or GSM, at 96.54 percent.
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