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Nigeria’s Largest Telecom Operator, MTN, Enhances Broadband Reach with 10MHz Spectrum Approval

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MTN Nigeria - Investors King

MTN, Nigeria’s leading telecom operator, has received approval for an additional 10MHz spectrum allocation within the 2.6GHz spectrum band.

This development is poised to significantly bolster broadband coverage across all 36 states of the federation, including the Federal Capital Territory.

Karl Toriola, Chief Executive Officer of MTN Nigeria, said, “This additional spectrum will empower us to uphold our commitment to delivering high-quality services to our valued customers while actively supporting the Federal Government’s agenda to expand broadband access nationwide.”

This valuable spectrum allocation was acquired from OpenSkys Services Limited, a reputable indigenous Nigerian telecommunications company licensed by the Nigerian Communications Commission (NCC) to provide telecommunication services on the 450MHz frequency band.

The 2.6GHz spectrum band is designated for the deployment of terrestrial mobile broadband services.

According to a report by the GSMA, this spectrum band serves as an ideal complement to the 700MHz-800MHz spectrum bands, forming a formidable combination capable of delivering cost-effective nationwide mobile broadband coverage, encompassing both rural and urban areas.

As of December 2022, broadband penetration in Nigeria stood at 47.36 percent. The Federal Government of Nigeria has set a target of achieving 70 percent broadband penetration by 2025. MTN Nigeria’s acquisition of this broadband spectrum allocation is poised to equip the ICT giant with the capabilities required to offer enhanced broadband services to meet the surging demand for widespread and uniform mobile broadband services nationwide.

In the words of Karl Toriola, “This additional spectrum will empower us to uphold our commitment to delivering high-quality services to our valued customers while actively supporting the Federal Government’s agenda to expand broadband access nationwide.”

MTN believes that the integration of this spectrum allocation will lead to a significant enhancement in the customer experience, aligning perfectly with their dedication to delivering exceptional services.

Also, this acquired spectrum will equip the telecommunications operator with the tools needed to deploy advanced broadband technologies, thereby contributing to the realization of Nigeria’s broadband objectives.

A report by the GSMA underscores the pivotal role of broadband penetration, particularly in developing countries, in driving an increase in Gross Domestic Product (GDP). This highlights the urgent need for continuous development and investment in broadband infrastructure, exemplified by the inclusion of the 2.6GHz spectrum band.

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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