Nigeria Telecos crash by 2.5% to 90 million subscribers

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The Broadband penetration in Nigeria has fallen by 2.5% to 90 million subscribers. This indicates that the fall in personal disposable income is taking its toll on broadband usage.

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In the same vein; MTN planned to buy 49% stake Iranian Net MTN Group has signed a R540 million ($40m approx) agreement with broadband provider, Iranian net, to buy an initial 49% stake.

 

Africa’s larget network provider will also invest another R3.4billion ($250m) in equity and loans, over the next five years.

 

Following the lifting of international sanctions and the opening of its borders, Iran has become a potential market for international investors. It is no surprise that MTN is showing keen interest in this untapped market

 

According to the Unity Bank survey report contains economic and social news, with an analysis of the latest developments in the forex market which showed the appreciation of the naira, and banks offering personal travel allowance, international card services, and other invisibles, summer 2017 is looking good! Also, airlines have resumed the sale of naira tickets in all customer classes and categories.

 

As the saying goes, the early bird catches the worm, so it’s about time you started planning your summer vacation. Check out the lifestyle section for hot destinations across Africa.

 

 


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