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Glo Dominates New Internet Subscription

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globacom - Investors King
  • Glo Dominates New Internet Subscription in October

Telecoms firm, Globacom, has emerged the only network that recorded an increase in its Internet subscription in October, 2016. This was revealed in the latest review published by telecom industry regulator, the Nigerian Communications Commission (NCC) for the month.

The new publication validates Globacom’s leadership in Nigeria’s data sector, underscoring the network’s sobriquet as data grand masters. The network grew its internet customer base to 27,185,552 million in October from 26,887,929 in September. This indicates an increase of 297,623 during the month.

The Commission stated on its website that the total number of internet users on the networks of the four major operators shrank by 378,015 from 93.5million in September to 93.1million in October.

It was MTN and Etisalat that accounted for the reductions in the number of customers surfing the net in the country during the period, while Airtel did not record any increase as its figures for the two months were the same.

The report showed that MTN had 32,464,779 million subscribers browsing the internet on its network in October, which is a decrease of 306,480 Internet subscribers from the September figure of 32,771,259.

NCC documented that Airtel had 18,832,238 million internet users in October, the same figure it recorded in September. Like MTN, Etisalat had 14,693,492 million data customers in October, showing a loss of 369,158 compared to the 15,062,650 million users it recorded in the preceding month of September.

On their part, the Code division multiple access,CDMA sector lost 13,664 Internet users, after recording 38,309 in October compared to the 51,973 recorded in September.

According to observers, Globacom’s consistent dominance of the sub sector is partly attributable to the nationwide rollout of the 4G Long-Term Evolution, LTE, advanced network in October 2016.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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