Home » Nigerian billionaire Mike Adenuga’s Globacom signs network extension agreement with Ceragon Networks

Nigerian billionaire Mike Adenuga’s Globacom signs network extension agreement with Ceragon Networks

by Omokolade Ajayi

Globacom Limited (Glo), a Nigerian multinational telecommunications company led by Nigerian billionaire businessman Mike Adenuga, has agreed to extend its network with Ceragon Networks Limited, an Israeli network equipment supplier specializing in wireless backhaul solutions for telecom companies.

With the network extension agreement with Ceragon, the Nigerian telecom services provider will rely on the technologies of its technical partner to expand the scope and quality of its telecom services in Nigeria, as it competes with MTN for market share in the country.

According to data obtained from the Nigerian Communications Commission, as of December 2021 Glo is the second-largest telecom services operator in Nigeria, with a 28.09-percent market share and a subscriber base of more than 54.8 million.

Meanwhile, MTN Nigeria, the operating subsidiary of South African telecom behemoth MTN Group, controls 37.7 percent of the country’s market share, with 73.6 million subscribers.

The network extension operation aligns with Glo’s strategic expansion plans, which include building the best telecommunications network in Nigeria as it seeks to attract more customers by providing quality telecom services to its customers.

Doron Arazi, CEO of Ceragon Networks, commented on the deal, stating that the Adenuga-led group can be confident that its network will be ready for 5G, as Ceragon Networks’ solutions will provide Globacom with a 10-gigabyte-per-second (Gbps) network capacity over the air, with the ability to upgrade to 20 Gbps, if necessary.

“This capacity will strengthen the network of rural areas over long distances, high-capacity metropolitan networks as well as the access network,” he said.

Aside from the expected increase in its subscriber base, the network extension agreement will help reduce Glo’s investment in telecom infrastructure, lowering costs and increasing revenue growth through Ceragon’s cutting-edge technologies.

The move is the company’s second attempt to improve the quality of its services, as it seeks to gain market leadership in Nigeria, Africa’s largest economy.

Nearly four months ago, Glo signed a partnership deal with Eutelsat Communications to deliver its Eutelsat Konnect satellite under a multiyear, multi-Gbps wholesale capacity contract. 

Glo will be able to expand its coverage beyond the reach of its terrestrial infrastructure by utilizing the Eutelsat Konnect satellite to provide high-speed broadband connectivity to businesses and communities in underserved areas of Nigeria.

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