Breaking

Mike Adenuga: The man, his role in Africa’s telecommunications industry



With ownership of the third largest telecommunications business in Nigeria boasting about 55million subscribers (according to Forbes), Mike Adenuga sealed his place in the sands of time and forever revolutionised operations in the Nigerian telecommunications space.


Globacom received its first license in 1999. Later revoked, the company was re-issued another license in 2003 after a government auction. Globacom introduced the per-second billing in voice calls at a time when many called it impossible and that has today become the model for all telecoms industry players in Nigeria.


The telecoms giant also launched services into Benin Republic in 2008 and has continued its spread across West Africa (into Ghana and Côte d’Ivoire), with more licences currently being prospected in other West African countries. In 2015, Mike Adenuga made a takeover bid to purchase Ivorian mobile telecom’s operator Comium Côte d’Ivoire for $600 million.


Nigeria’s second-richest man, Mike Adenuga built his fortune in oil and telecoms. Today, Globacom Limited or Glo as it is fondly called operates as a telecommunications service provider, offering international and voice calling, SMS, high-speed internet, ADSL for homes, and fixed landline services, as well as other telecoms solutions. Globacom, as of the time of writing this article, serves customers in the United Kingdom, Nigeria, Benin Republic and Ghana. Nairametrics

Socialize

Disclaimer
Most News articles reported on SSTNEWS are a reflection of what is published in the media. SSTNEWS is not in a position to verify the accuracy of daily news articles, however, we ensure that only news articles from credible sources are reflected in this service. Independent opinions which are mailed to us may also be published from time to time at our discretion, however the sources for these independent articles will be clearly stated.

Share your story with us: SMS: +2349067561649, Whatsapp: +2349067561649, Email: shockingstatementafrica@gmail.com or qubesentertainmentmagazine@yahoo.com
Receive Alerts on: Whatsapp: +2349067561649, Twitter: @sstnewsng