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Etisalat/IHS Sale and Leaseback Wins ‘African Telecoms Deal of the Year 2014’’ @ IJ Global Awards

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Etisalat, Nigeria’s fastest growing and most innovative telecommunications operator, has emerged winner of the ‘African Telecoms Deal of the Year 2014’ at the IJGlobal Europe & Africa Award (Euromoney/Project Finance Magazine Awards) in London last week.

This deal, the first by a major GSM operator in Nigeria was announced in August 2014 and is part of Etisalat’s broader strategy to drive improvements in the quality of its network and to accelerate the roll out of 2G and 3G coverage and new services to its customers.

 Responding after receiving the award at the presentation dinner, Mr. Seun Oshitade, head of Strategy and Business Development, Etisalat Nigeria expressed appreciation to the organizers of the IJ Global Awards as well as the partners to the deal.

He said, “This award recognizes our continuous strategy to increase the coverage and capacity of our network which is already rated number 1 for quality of service by the Nigerian Communication Commission (NCC).

Our partnership with IHS for the transaction which is being celebrated at this award ceremony is designed to promote network sharing, ensure higher quality, sustain reliable mobile services, lower overall costs and also promote a cleaner environment through reduced diesel usage and increased investments in alternative energy solutions.”

Other key stakeholders who contributed to the success of the deal include financial advisers, Stanbic Bank and legal advisers, Norton Rose. Representatives from these organisations were at the event to join Etisalat in receiving the award at the ceremony held at the Natural History Museum, Cromwell Road, London.

Sarah Tame, IJGlobal editor; and Jon Whiteaker, deputy editor while presenting the awards commended all the winners for the market-leading transactions in their different sectors.

The IJGlobal Awards is organized by the Infrastructure Journal and Project Finance Magazine, a publication of Euromoney Institutional Investor PLC.

Over 500 market professionals attended the ceremony, which recognises excellence, achievement and innovation in energy and infrastructure finance.

The ‘African Telecoms deal of the year’ award complements other titles that Etisalat Nigeria has won in just six years of operations in Nigeria. Awards which include ‘African Telecoms Deal of the Year 2011, ‘Best Telecom Customer Service’, ‘Most Innovative Corporate Social Responsibility Company’, ‘Telecom Brand of the Year 2014’ amongst others.

Etisalat Nigeria with a subscriber base of over 21 million customers is one of the 19 operations of the Etisalat Group that spans across Africa, Middle East and Asia serving over 140 million subscribers; and it is committed to delivering innovative and quality services to its growing subscribers.


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Telecom

FG Plans EO to Criminalise Fiber Cable Damage Costing Telcos Billions

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Nigeria will criminalize the destruction of broadband fiber cables following repeated complaints by MTN Nigeria Communications Plc and other telecommunications companies that they are losing billions of naira, according to people familiar with the matter.

FG Plans EO to Criminalise Fiber Cable Damage Costing Telcos Billions

Federal ministry of works, which supervises federal road constructors, is finalizing the regulation that will be signed as an executive order by President Bola Tinubu, said the people, asking not to be identified as they weren’t authorized to comment.

While there are presently laws against vandalism, the authorities are aiming to regulate construction firms more closely.

The order will enforce stiff penalties on offenders, said the people, declining to provide more details or say when it will be signed.

“Telecom assets are critical backbone that supports the economy across sectors,” said Temitope Ajayi, a senior presidential aide, who noted that the Association of Telecommunications Companies (ATCON) has been demanding the classification for years.

New rules will provide “further assurance that the Nigerian government will protect their investments against vandals and criminal elements.”

The Nigerian Communications Commission (NCC) estimates that the sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5% in the third quarter of last year.

The move will help alleviate pressure on the telecoms sector, which is facing increased operating costs and sales pressures from a sharp depreciation in the currency and a threefold increase in energy prices.

Repairs and revenue losses from damaged cables is estimated to have cost the sector almost 27 billion naira ($23 million) last year alone, documents seen by Bloomberg show.

MTN Nigeria, the biggest wireless operator in Africa’s most-populous nation, and Airtel Africa Plc bore the brunt of the costs, the documents show.

MTN suffered more than 6,000 cuts on its fiber cable last year, the documents show. On Feb. 28, a cut on its network in three different locations by a road construction firm, an oil serving company and someone burning rubbish in a manhole meant customers faced more than five hours of data and voice outages.

The operator relocated 2,500 kilometers (1,553 miles) of vulnerable fiber cables between 2022 and 2023, at a cost of more than 11 billion naira – enough to build 870 kilometers of new fiber lines to areas without coverage.

A presidential order on the matter would be welcomed, said Tony Izuagbe Emoekpere, president, Association of Telecommunications Companies of Nigeria.

“When it comes to communication infrastructure, they are destroyed at will, so we are eagerly awaiting the president’s order,” he said. “It would be a great boost to the industry, and it will also encourage investment.”

 

 


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Telegram Eyes 1Bn Users amidst Political Pressures

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Telegram, the messaging giant founded by Pavel Durov and headquartered in Dubai, anticipates hitting a remarkable milestone of one billion active monthly users within the next year.

Durov’s departure from Russia in 2014, prompted by governmental pressures to stifle opposition communities on his VK social media platform, underscores Telegram’s commitment to neutrality despite geopolitical challenges.

With 900 million active users currently, Telegram stands as a beacon of free speech in the digital realm, particularly influential in former Soviet Union republics and pivotal during conflicts like the Russia-Ukraine standoff.

Durov’s staunch advocacy for freedom of expression and opposition to censorship by tech giants like Apple and Google reinforces Telegram’s status as a neutral platform.

Opting for the UAE as its base, Durov cites its neutrality and openness as conducive to Telegram’s ethos, serving both opposition groups and governments alike while maintaining impartiality.

In Durov’s vision, the pursuit of freedom eclipses material gain, shaping Telegram’s trajectory as a bastion of digital liberation.

 

 


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NITDA, NIMC Announce Collaboration To Strengthen Digital Economy

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To further strengthen Nigeria’s digital economy in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda, the National Information Technology Development Agency (NITDA) and National Identity Management Commission (NIMC) have announced a collaboration on National Public Key Infrastructure (PKI) and Digital Public Infrastructure (DPI) to enhance and create synergy between digital identity, payment ecosystem, and secure & seemless data exchange capabilities for Nigeria.

During the meeting between the Director-General of NITDA, Kashifu Inuwa Abdullahi, and Director General of NIMC, Engr. Bisoye Coker-Odusote, with some management staff of both organisations, they discussed various initiatives, which include building DPI stacks for a secured and seamless data exchange and forming partnerships to transform the national identity system.

This collaboration also aims to harness the potential of the innovative ecosystem and emphasise the use of Public Key Infrastructure (PKI) to drive digital transformation in Nigeria.

To ensure a smooth implementation, a 12-man committee was set up. This committee will play a crucial role in kickstarting and harmonising the initiatives. It is expected to deliver a comprehensive implementation report within the next 4 weeks


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