M-Tel, the mobile subsidiary of Nigeria’s recently privatised incumbent telco NITEL, is reported by AllAfrica.com to have haemorrhaged around a million customers during 2006, from 1.2 million active subscribers at the end of 2005 to only 200,000 at the end of 2006. A severe shortage of money, leading to non-payment of its staff and the lack of maintenance on its network, is thought to be responsible for the fall in patronage. NITEL was privatised at the fourth attempt in November 2006 when 75% of the ailing telco was purchased by the Transnational Corporation (Transcorp) for USD750 million, amid promises of big investment, which have apparently yet to materialise.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors