Mr. David Venn, chief executive officer of Spectranet said that online video streaming will become better with the launch of fourth generation technologies (4G LTE) in Nigeria.
Venn who was speaking on the recent announcement by Spectranet to deploy first server for Netflix in West Africa, said that lovers of movies and TV series now have better deals, adding that the gesture will push the pay-tv stations to rethink on their strategies.
Low Cost Online (Video) Contents
He said, “To have a better experience on Netflix you need to have fast internet connection. That is why the Netflix customers are going to have better experience because there will be no buffing; with $10 a month you get the movies in a high definition (HD) and you can watch on two screens. It means you could be watching television at home and someone else could be watching via the smartphone, different content on the same account. In other words, with $10 a month you have all the contents available to you; watching unlimited times. The contents are mainly movies and TV series. Netflix is not even resting on its oars in making available new contents. They spend billions of dollars in producing their own contents.
“Therefore, lovers of movies and TV series now have better deal; you could be watching series from office, continue in your car while heading home after work and you can get home, turn the TV on and resume from the spot you pursed. Now, I am in Nigeria and my son is in UK, we watch Neflix on the same account”.
Venn gave insight on the choice of Spectranet by Netflix thus, “Netflix was looking for a broadband (internet service) provider with high speed an offers quality service. So, they selected Spectranet. We now have a dedicated Netflix server. That contains the whole content (library) of Netflix. Every night it is updated with the California server. So, as new episodes are coming out (fro series) they are updated simultaneously.
“It happens at night when the internet is not too busy, because it requires a huge data to download HD videos. They gave us the server, managed remotely. What that means is that, normally, if you were using Netflix in Nigeria that was downloaded from the UK and US. So, you were internationally streaming videos from their server. But now, with the server in Lagos, it is like local content. On our network you go straight to the server and streaming will be much better and faster for our customers.
“The key thing for us is not only one of the first in Africa to get Netflix server, we are the only one in West Africa. No network provider in West Africa, of any sort has it, including Nigeria. In other worlds, their customers still have to stream movies and TV series from either UK or U.S., for us it is local. They chose Spectranet because of our quality network. They love the fact our customer watch their movies a lot. They have the statistics”.
He added that the partnership will also boost local contents such as IrokoTv and Nollywood contents.
“On local content, you already got IrokoTv which is doing quite well. Last year we encouraged our customers to watch IrokoTv; they are a lot of local content (Nollywood) on the platform. That too is helpful. For the fact I am on Netflix, I can as well have IrokoTv account. It gives you choice for foreign and local contents. IrokoTv app can be launched on Netflix, because there are a lot of Contents (apps) on it. For instance, I can watch SkyNews live. I have DStv at home, but I have no time for it, because SkyNews is there and all the Tv series I need are on Netflix. So, I can download IrokoTv app on Netflix and it becomes part of the menu. I am not using a browser; it looks more like a TV station. For instance Apple Box (containing Apple TV), you do not subscriber to it. It is more of plug and play.
“Now, if you acquire Apple Box, it even accords you further varieties. When you view, it synchronizes your Netflix account. So, you do not need to buy the movie the second time. And Netflix is a competitor to Apple Tv. Apple Tv is a different model where you have to pay for everything you watch. If you move to news; SkyNews for instance, I can clique on any piece and watch or view live broadcast. They stream on my internet service.
4G LTE Is Data Driven…Costs of Streaming HD Videos
“The truth is that data is getting cheaper than it was two years ago. We also introduced unlimited night time data usage for our customers. From 1:00am to 7:00am, it is totally free. Thus, you can watch Netflix at night without any cost. Netflix also has its package; if you are a (Netflix) customer, you do not come to us, rather you go to them. They have a first month free package; no obligations as you can choose to sigh off/cancel anytime. So, the $10 monthly subscription is free for the first time you come on board.
“During the day and early evening you will pay for the data (Spectranet). I maintain that data prices are coming down. 80% of our customers are on 20GB plan (which is now 25GB for the same price with free unlimited night browsing). Neflix is an OTT service and we love it. You can switch to non-HD; that is standard view experience, so as to save your data. Secondly, you do not pay per Netflix movie, but monthly, which is cheaper than pay Tvs we have around here.
Plans for Sustainability (Partnership to Drive Traffic)
Spectranet remains the most reliable internet service provider in the country. Our up time is higher than any operator. The last thing you would want to happen is for the internet to be off, especially when you have movie to watch. We have been doing this for over 5 years and the first to launch 4G LTE. With the experience we have gotten we know how to manage 4G LTE network.
“It is very different from managing voice network. We have the backups- generators, batteries, all to make sure network is up. Even if they fail, we have a third party towers to connect instantaneously. We have our data connectivity to our core data centre located in Lagos and connected to major submarine cables like MainOne and three others. Even if the submarine cables are down, you are not losing any data, because the content is local. The only thing that will affect the process is the synchronization at night, because new episodes need to be downloaded. So, if you are using another internet service provider in Nigeria, you cannot access the server”.
CBN Pulls Rate Cut Trigger, King Dollar Returns
By Lukman Otunuga, Senior Research Analyst at FXTM,
In a move that caught investors off-guard this week, the Central Bank of Nigeria (CBN) slashed interest rates by 100 basis points bringing the MPR to 11.5%. Given how inflation has been above target since 2015, rates were expected to remain unchanged for the rest of 2020 and possibly early 2021.
The question on the mind of many is whether the rate cut will achieve the desired effect by stimulating consumption and economic growth? Ongoing border closures and disruptions created by COVID-19 have pushed inflation to levels not seen since March 2018 above 13.20% while a drop in the production and price of Oil continues to rub salt into the wound. While looser monetary policy could support growth, it may come at the cost of rising inflation and weaker Naira.
Over the past few months, central banks across the globe have deployed unprecedented measures to defend their respective economies against the coronavirus menace. However, fiscal policy has been identified as the sharper tool with governments across the world providing a critical lifeline to keep the wheels of their respective economies rolling.
Outside of Nigeria, King Dollar made a return by appreciating against every single G10 currency. In times of uncertainty, everyone wants a juicy piece of the world’s most liquid currency. As coronavirus cases rise in Europe and other parts of the world, the flight to safety is likely to boost appetite for the Dollar. This is bad news for many emerging markets currencies, especially those with high Dollar-denominated debt.
On the commodity side, Oil prices remain heavily influenced by demand-side factors and the state of the global economy. Prices are likely to remain stuck around the $40 regions in the near term, especially If another round of possible lockdowns hit Oil demand. Looking at the technicals, WTI Crude is under pressure on the daily charts. If prices are unable to break away from the sticky $40 regions, the next key point of interest remains around $38. A weekly close above $41.50 could pave a path towards $43.
NCC Arrests Man for Hacking into DSTV System
Nigeria Copyright Commission (NCC), has arrested one Mr Aliu Olalekan, for allegedly hacking into DSTV system and watching the channels free without subscription.
Mr Matthew Ojo, NCC Director in the Lagos Directorate Office said this while speaking with newsmen in Lagos, on Tuesday.
He said that the suspect used to watch DSTV channels free without subscription on his Android phone via an app which he downloaded on google play store.
“This suspect distributed the know-how to his telegram followers and on his blog with the aim of gaining more followers and viewership on his blog and makes more money through google ad-sense.
“The operation was based on surveillance which had earlier been carried out by the Multi-choice team and verified by a copyright inspector, ” he said.
He added that the arrest was made in collaboration with a team of copyright inspectors led by the Head of Enforcement Department, Mr Charles Amudipe.
Others included; a team from Multichoice Nigeria led by Mr Umar Ibrahim and policemen from Lagos Command Headquarters, Ikeja.
Ojo said that the joint team conducted an anti-piracy operation at the premises of the culprit in Amukoko, Lagos.
According to him, the suspect was contacted on phone by a member of the operation team on the disguise of patronising him. “The suspect came out to meet the caller and in the process of discussion, he was apprehended.
“The suspect took the team to his resident. The squad paraded his one-room apartment and recovered his laptop and phones used in perpetrating the ungodly act. “He was arrested and brought to the copyright commission office for further investigation, ” he said.
Ojo said that, on getting to the commission’s office, the statement of the suspect was taken and the inventory of items seized from him taken. He said that investigation on the matter was still ongoing and if found guilty the suspect will be charged to court.
NCC, Digital Encode Support NITRA Innovative Tech Forum On Post-COVID-19 Strategies
The Nigerian Communications Commission (NCC), Nigeria’s telecommunications regulator and Digital Encode, Cybersecurity and Compliance advisory company, have indicated interest to partner with the Nigeria Information Technology Reporters Association (NITRA), the national umbrella body of ICT reporters, as it organizes a forum that will x-ray the industry’s future plans for ICT growth post pandemic era.
The event, slated to hold on October 15, 2020, will seek to discuss the needs for a fortified ICT sector after the COVID-19 era, and the level of preparedness of ICT stakeholders to embrace the challenge of being pivotal to the stability and growth of all other sectors.
A statement from NITRA National Secretariat in Lagos indicates that due to the pandemic and need to observe the COVID-19 protocol on social distancing, the event will be held via a Webinar.
This year’s theme, “Multi-stakeholder Approach To National Recovery Post-Pandemic”, is in line with the annual event’s generic theme, ‘NITRA Innovative Tech Forum’, a contribution by NITRA to the development of Information and Communication Technologies (ICTs) innovations and policies in Nigeria.
Prof. Umar Danbatta, executive vice chairman, NCC is expected to deliver the keynote speech at the event and will throw more light on Federal Government’s plans, programmes and policies on post-pandemic strategies using ICT.
Dr. Adewale Obadare and Dr. Seyi Akindeinde, founders of Digital Encode, while accepting to support the event expressed their readiness to offer their expertise in Cybersecurity for organisations to prepare against cyber- attacks with the new normal.
They will also highlight areas that are high risks that need fortification in terms of cybersecurity.
Speaking on the event, Mr. Chike Onwuegbuchi, national chairman, NITRA, noted that as the COVID-19 pandemic continues to leave its negative trails across the globe, economic reboot for countries will not only depend on how well they readapt to the new normal, but also more on their recovery plans.
According to him: “While the federal government has consistently expressed its willingness to set all policies in place to engender growth, and accelerated implementation of these policies, private sector firms have also shown great hunger for the task ahead in post-COVID-19 era.
However, the question that needs to be answered is whether all stakeholders are ready for the required task ahead.”
The event will also offer participating companies opportunities to publicize some of their individual efforts at contributing to reacting a soft landing or lifeline for SMEs and other ancillary companies as the pandemic threatens their survival.
Digital Encode is a multi-award winning and leading consulting and integration firm that specializes in the design, management, and security of business-critical networks, telecommunications environments and other Information Technology (IT) infrastructures.
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