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Nigeria's Telecom Market Is Attracting Huge Amounts of Foreign Investment

7th Oct.'08

Research and Markets (http://www.researchandmarkets.com/research/14b0dc/nigeria_key_stat) has announced the addition of the "Nigeria - Key Statistics Telecom Market and Regulatory Overviews" report to their offering. Nigeria is one of the biggest and fastest growing telecom markets in Africa, attracting huge amounts of foreign investment, and is yet standing at relatively low levels of market penetration.

Far reaching liberalisation has led to hundreds of companies providing virtually all kinds of telecom and value-added services in an independently regulated market. The mobile sector, which has seen triple digit growth rates five years in a row since competition was introduced, has been joined by a number of additional players under a new unified licensing regime which is expected to also boost the country's underdeveloped Internet and broadband sector. A fifth GSM operator was licensed in 2007 and 3G mobile services launched in early 2008. Nitel, the recently privatised but still ailing incumbent telco, is looking for an additional strategic investor and new business models to turn the company around.

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