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Wednesday, May 1, 2013
Globacom Signs $500m Network Upgrade Deal With ZTE
Following the announcement of significant investment in infrastructure and operations by other telecommunications providers in Nigeria, indigenous telecoms company, Globacom (Glo), has entered a $500 million partnership with ZTE to upgrade its infrastructure nationwide.
Speaking on the partnership, Group Operating Officer (GCOO) of Glo, Mohameed Jameel said the contract, which will run for a four-month period, will help the service provider expand and mordernise its operational capacity in line with the ever-changing technology in the telecoms sector.
“The entire network is being modernised to carry data services more efficiently because it would have been increased manyfolds. Every inch of the network will be modernised,” the GCOO said.
He added that “The asset of any network is the quality of services it provides its customers.”
The expansion project will involve network upgrade and overhaul of infrastructure across the country; as well as expansion and densification projects that will help cater for existing and potential subscribers.
Globacom’s partnership with ZTE, a leading global provider of telecommunications equipment and network solutions, is set to position the company favourably in Nigeria’s vibrant telecoms market, which has about 113 million mobile phone subscribers, and is regarded one of the largest mobile markets in Africa .
Owned by Nigerian billionaire businessman Mike Adenuga, the company also boasts over 20.8 million subscribers in Nigeria.
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