MTN Nigeria has partnered with a world-renowned telecommunications hardware, software and service provider, Ericsson to launch 5G technology and Radio Access Network in Nigeria.
The Chief Executive Officer (CEO) of MTN Nigeria, Karl Toriola said that MTN will combine the strength it used to expand its 2G, 3G and 4G networks to expand its 5G network across the country in the coming months.
Toriola also recognised the Minister of Communication and Digital Economy, Professor Isa Pantami for his role and leadership in his capacity as minister which has been beneficial to the telecommunication industry.
It will be recalled that in December 2021, MTN and Mafab Communications Limited won the bid for the 5G spectrum auctioned by the Nigerian Communications Commission at the Transcorp Hilton Hotel in Abuja.
The partnership with Ericsson will help MTN to provide revolutionised 5G network services to its numerous customers in Nigeria. The 5G network will be critical in unlocking the potential of the Internet of Things (IoT), Artificial Intelligence (AI) and Virtual Reality for millions of users in Nigeria.
Hossam Kandeel, Vice President of Ericsson Middle East and Africa was quoted to have said ” We (Ericsson) are proud to be a part of Nigeria’s 5G digital transformation that has only just begun.
“With connectivity being the backbone of digitization, we are committed to delivering the best service to our partners at MTN Nigeria to support them in this thrilling journey.”
On his part, MTN Chief Technical Officer (CTO), Mr Muhammed Rufai who also witnessed the event said “5G will revolutionise the way we live and communicate across industries. With the speed 5G offers, we will be able to experience the Internet with low latency, which means no lag, making our virtual interactions more real.
“At MTN, we will continue to pursue the rollout of 5G technology to revolutionise Internet access across the continent.”
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MTN Evaluates Exit from Three African Markets Amid Regional Challenges
African telecommunications giant MTN is reportedly contemplating an “orderly exit” from its operations in Guinea-Bissau, Guinea-Conakry, and Liberia, according to a report by Business Insider Africa.
The company, which currently operates in 19 countries across Africa and the Middle East, aims to streamline its portfolio and address challenges in the West and Central Africa (Weca) region.
While the exact reasons for the potential exit remain undisclosed, MTN’s financial reports indicate broader challenges in the Weca segment.
CEO Ralph Mupita highlighted concerns over inflation and currency devaluation in multiple markets.
The company’s 2022 financials revealed a 1.7% decline in EBITDA margin due to pricing pressures, fintech channel subsidies, and macroeconomic hurdles.
Although Guinea-Bissau, Guinea-Conakry, and Liberia contribute only 1.6% to MTN’s total revenue, the move aligns with the company’s strategic focus on optimizing its market presence.
MTN holds a significant market share, approximately 30%, in Guinea-Bissau and Guinea-Conakry, while Lonestar MTN is the second-largest telecom operator in Liberia.
The potential exit reflects MTN’s commitment to adapting its business strategy to navigate the evolving economic landscape and optimize its portfolio for sustained growth.
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