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Government Intervention Required to Attract Investments in Telecom- Teniola

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Olusola Teniola, President of the Association of Telecom Companies of Nigeria, ATCON,
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The Nigerian Telecommunications industry was once referred to as one of the fastest growing in the world. The situation is, however, a lot different today as many operators are faced with loss of revenue, largely due to the economic recession, over the top players, multiple taxation, insecurity and other issues.

I was recently with Olusola Teniola, President of the Association of Telecom Companies of Nigeria, ATCON, and he spoke at length on the some of the challenges in the Telecom industry and the way forward.

Olusola stated that, the reason why investors are not investing in the Telecom industry in Nigeria for now can be looked at from both the macro and the micro economic environment within Nigeria.

Having being in recession for more than two quarters, and the low growth rate of between 0.3% and 0.8%, which is not the kind of growth rate that an investor is looking to invest in. “Investors will be looking for high single digit or double digit growth rate regime to invest in”, he maintained.

He stated that Kenya and Ethiopia are the current leaders in the Telecom industry in Africa at the moment, with Nigeria and South Africa lagging behind. The recession, he declared, has made many capital projects to be put on hold in the Telecom industry which is capital intensive.  

Olusola stated that the industry needs the government to create the enabling environment, as well as create a more stable foreign exchange regime because, the multitude of forex windows we currently have, is not encouraging the investor. He also stated that the debt facility problem being faced by about two of the players in the industry.

Speaking on how all these has impacted on the quality of service provided by these Telecom companies, Olusola stated that, there are two aspects to the quality of service provided and this is where the micro economic environment comes in. He emphasized that, one of them is the technical aspect of quality.

The NCC, he said, focuses on the technical aspect of it in terms of the KPI’s set and are usually driven by the ITU standards. The other aspect, he stated, has to do with capacity management, which has to deal with investments in networks. “If you look at the actual composition of the industry to date, there has been an investment of about $68billion, right from the time the industry was liberalized in 2001 to date and that represents quite a significant amount of Dollars flowing in”, he observed.

He emphasized that, about half of the $68billion investment, so far, came in through FDI, and if it is broken down further, only one operator has contributed 50% of that, as about $16billion came from only one operator, where we have many operators.

He opined, that, the investments, so far, has not covered the whole of Nigeria, hence, the industry is still in need of further injection of investment to grow. He said that there are about 150million subscribers where the networks have, so far, deployed in Nigeria.

He made it known that, services to these subscribers, is based on the infrastructure that we have, so far, which was built, predominantly, for voice, but which now also runs e-payments, mobile money, etc.

“You can see that, the struggle to try and keep up with the congestion requires that more capacity has to be put in place and that means funding”, he observed

When asked what he recommends as steps, going forward, Olusola stated that ATCON has always advocated that its members have their equipment and investments protected, which he reiterated, is significant.

He observed that, yes, ICT has now become critical to the success of the Nigerian economy, Telecom, however, is a key factor and an infrastructure player in Nigeria at the moment because, without the infrastructure, we cannot even use our smartphones for any other thing other than to using it for making the basic calls.

On security of the Telecom infrastructure, there has been a liaison with NCC and other security outfits, like the Nigerian Police, to protect these infrastructures.

The Association, he stated, also encourages the reporting of incidences of damages to infrastructures the more instead of just repairing the damages and keeping mum over the damages.

The idea, he maintained, is to raise awareness about the negative impact on the quality of services rendered, caused by tampering with Telecom facilities

Olusola is of the opinion that, it is not about the fact that, whether Floor pricing has to go or has to stay, but it is about innovation, competition and the best consumer choice. The extinction of the CDMA’s, he observed, had to do with the management of the companies involved as well as operating on a regional basis and not on national basis, rather than about pricing.

“The forces that dictate the market chose the GSM technology for many reasons, and one of the reasons is that the SIM card can be divorced from the device and the devices, in my opinion, are actually, more smarter and lovelier in the GSM realm than in the CDMA”, he concluded.

CFA is the Founder, www.CFAtech.ng & Co-producer/Presenter,Tech Trends on Channels Television


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MTN Guns for $2.76bn IHS Towers Buyout in African Telecom Power Grab

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MTN Group, the continent’s telecom behemoth, has plunged into advanced negotiations to acquire the outstanding 75 percent stake in IHS Towers for a staggering $2.76 billion, a seismic move that would hand Africa’s largest mobile operator full reins over one of the world’s premier independent tower companies and redefine infrastructure control across emerging markets.

MTN Guns for $2.76bn IHS Towers Buyout in African Telecom Power Grab

MTN

The proposed transaction, pegged to IHS’s latest New York Stock Exchange closing price where it trades alongside a Frankfurt listing, builds on MTN’s existing 25 percent holding forged in a landmark 2014 deal that saw the operator offload most tower assets to IHS in exchange for cash and long-term leases.

Sources close to the talks confirm discussions remain fluid with no binding agreement yet inked, and both sides caution that negotiations could shift or stall entirely—MTN has signalled readiness to pivot to alternative value-unlocking strategies for its stake if a full buyout eludes grasp.

Strategically, the power play catapults MTN toward vertical integration in a sector where operators increasingly crave direct grip on passive infrastructure to slash lease bills, streamline upgrades, and rocket-roll 4G/5G amid Africa’s insatiable data deluge.

IHS Towers, MTN’s anchor tenant across swathes of Africa with tens of thousands of masts from Nigeria’s 13,500 tenancies—renewed amid naira-dollar tussles—to South Africa and beyond the Middle East into Latin America, represents a golden infrastructure war chest primed for the operator’s 20-nation blitz.

The saga traces to 2014’s seismic sale that freed MTN capital for spectrum wars while birthing enduring lease pacts, now ripe for reversal as governance dust-ups over shareholder nominations and agendas underscore the buyout’s boardroom chess.

Market tremors rippled through IHS shares post-leak, underscoring the $2.76 billion tag’s gravity as MTN eyes cost efficiencies, network agility, and expansion muscle in oil-volatile economies where tower mastery spells survival.

Should the ink dry, MTN vaults to ownership of a colossus fuelling digital bridges from Lagos megacities to rural frontiers, slashing third-party dependence while supercharging investments in fibre-deep data dreams and 5G horizons.

Analysts buzz that the mega-deal heralds telecom consolidation waves, with operators reclaiming tower turf to fortify against rivals and unlock synergies in a landscape where infrastructure crowns kings.

Neither MTN nor IHS commented officially by press time, but the high-stakes huddle spotlights Africa’s telecom arena hurtling toward an era where owning the poles decides who dominates the digital skies.


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Google Calls on Africa’s AI Trailblazers for 10th Startup Accelerator Cohort

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Google has flung open applications for its landmark 10th cohort of the Startups Accelerator Africa, doubling down on nearly a decade of continent-wide tech propulsion by targeting Series A pioneers wielding AI and machine learning for scientific and societal moonshots.

Google Calls on Africa’s AI Trailblazers for 10th Startup Accelerator Cohort

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The 12-week “AI First” hybrid bootcamp, kicking off April 2026, equips Africa-based or Africa-centric innovators with Google’s AI arsenal, expert mentorship, technical firepower, and investor matchmaking to catapult health and deep-tech ventures into orbit—deadline March 18 at g.co/acceleratorafrica.

“Africa’s tech landscape is seeing a vibrant shift toward deep-tech innovation,” proclaimed Folarin Aiyegbusi, Head of Startup Ecosystem, Africa. “For Class 10, we are focusing on the potential of AI to drive health and societal benefits, providing the infrastructure and expertise to turn these startups into the research labs of the continent.”

Since 2018, the accelerator has turbocharged 180+ startups across 17 nations, unlocking $350 million in funding and 3,700 direct jobs, cementing Google’s role as Africa’s AI innovation forge amid a deluge of homegrown problem-solvers.

Equity-free and hybrid-powered, Class 10 promises Google’s product credits, strategic war rooms, and global networks to forge the next wave of African AI trailblazers reshaping everything from disease detection to climate resilience.


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Optasia Drives Responsible AI Conversation at Nigeria’s Privacy Week 2026

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Optasia, a global AI-driven fintech platform, reinforced its commitment to privacy-by-design and responsible innovation as the official partner of Nigeria’s National Privacy Week 2026.

Optasia Drives Responsible AI Conversation at Nigeria’s Privacy Week 2026

Optasia

Held at the Transcorp Centre in Abuja, the programme brought together regulators, financial institutions and technology leaders around this year’s theme: “Privacy in the Era of Emerging Technologies: Trust, Ethics & Innovation”.

The National Data Privacy Summit, which concluded on Wednesday, 4 February, was convened in line with the Nigeria Data Protection Act (NDPA), which safeguards personal information across the country.

Welcoming Nigeria’s National Privacy Week 2026, Dr Vincent Olatunji, National Commissioner/CEO of the NDPC, underscored the central role of privacy in building trust and unlocking sustainable digital growth.

“Privacy is not an isolated privilege; it is a fundamental right guaranteed by our Constitution. By building trust, we unlock the full potential of our digital economy and protect every Nigerian’s digital identity,” he said.

These priorities closely align with Optasia’s approach, as the company focuses on enabling inclusive digital financial services while embedding privacy, accountability and trust into its technology and partnerships.

As a company operating AI-powered financial services within highly regulated environments globally, Optasia brings practical experience in embedding governance, accountability and data protection into large-scale digital systems.

The company delivers its services exclusively through licensed financial institutions and regulated distribution partners, supporting the responsible expansion of digital financial services while maintaining robust standards of security and privacy.

Optasia’s SOC 2 Type II certification underscores its commitment to maintaining internationally recognised standards of security, confidentiality, and privacy.

Speaking during the event, Uchenna Agbo, Chief Commercial Officer at Optasia, highlighted the heightened responsibility that accompanies rapid digital growth. “As Nigeria’s digital economy expands, the data that powers innovation and inclusion must be protected with the same seriousness as financial capital,” she said.

“For Optasia, compliance, ethical data use and respect for consumer privacy are foundational to building long-term confidence across the digital ecosystem.”

Optasia’s executive leadership participated in high-level panel discussions, with Chief Technology & Innovation Officer Antoine Chatzistamatiou sharing insights on “Building trust by design: Privacy, ethics, and accountability in emerging technologies”, alongside a senior representative from GTBank.

Additionally, Chief Data & Risk Officer Stelios Lelis contributed to a session titled “Innovation without Intrusion: Balancing data-driven growth with privacy as a fundamental right”, alongside senior leadership from Microsoft and Stanbic IBTC.

Optasia’s Nigeria engagement is anchored in four operating priorities: privacy-by-design, responsible use of AI, innovation without intrusive data practices, and stronger collaboration across the licensed ecosystem.

The company’s engagement in Nigeria reflects a long-term commitment to supporting a trusted and inclusive digital economy. As data-driven services continue to expand across sectors, Optasia remains focused on contributing constructively to ecosystem conversations around privacy, accountability, and responsible innovation.


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