Starcomms has posted revenues of NGN17.5 billion (USD150 million) for the first six months of 2008, up 101% year-on-year and in line with its growth projections, reports local newspaper Nigerian Tribune. At the end of June 2008 the company had 1.55 million subscribers, up from 624,000 twelve months previously, and looks on course to break the two million barrier by the end of 2008. Starcomms is forecasting a net loss of NGN197 million this financial year, but hopes to swing into profit in 2009.
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