…. as telecom sector contributes 12.45% to GDP
National Telecommunication Company, Globacom, grossed a total of 11,172,220 new internet subscribers between December 2019 and December 2020, thus emerging as the highest percentage gainer for the year 2020.
This is according to statistics released by the industry regulator, the Nigerian Communications Commission (NCC), and published on its website.
According to the data, the telecom industry’s acquisition of 28,145,458 new data subscribers represents a 22% percent increase, as the number of data users in Nigeria moved from 125,728,328 subscribers as of December 2019, to 153,873,786 in December 2020.
Leading other operators, Globacom recorded 39% growth in the telecoms sub-sector, adding 11,172,220 new data subscribers in 2020. It ended the year 2019 with 28,934,439 subscribers and moved to 40,106,659 at the end of 2020, thus surpassing the 22 percent growth recorded in the sector in the year under review.
The performance of Globacom has thus lent credence to the NCC statement on Monday which said that Nigeria’s telecoms sector’s contribution of 12.45% to the country’s Gross Domestic Product played a huge role in getting Nigeria out of recession.
In the second place is MTN with 21% growth, closely followed by Airtel with 20%, while the reverse was the case for 9 mobile, which dropped figures, recording 12% loss.
Globacom’s consistent dominance of the sub-sector has been attributed to a number of factors including the extension 4G LTE network to many more locations across Nigeria which avail its subscribers the opportunity to enjoy a much-enhanced internet experience on the Glo network.
Also, the Company regularly embarks on an overhaul of its network infrastructure, putting in place contemporary technology, and upgrading base stations and switches pan Nigeria, thus improving quality of service, data speed, and capacity expansion.
There is also Glo 1 international submarine cable built by Globacom which provides unprecedented high-speed internet services, making telecom services much faster, more reliable, accessible, and affordable for consumers.