Telecom
Strong Corporate Governance, Ethics are at the Heart of MainOne’s Success – Abimbola

In this interview, MainOne’s Chief Financial Officer, Solanke Abimbola discusses the company’s success over the past decade, expansion plans and projections for 2021 while noting that adherence to corporate governance principles and ethics have been key to the company.

MainOne celebrated its 10 anniversary this year, and the company has been recognized for the leadership role it has played in the expansion of Internet access in Nigeria. What are your projections for the ICT industry and MainOne in 2021?
We are pleased that for a company that is only ten years in operation, we have had such impact on Internet access across the West African region. In 2021, we anticipate that more people will migrate online, businesses will adopt cloud-based solutions to improve operational efficiency and data consumption per capita will increase, resulting in the growth of infrastructure requirements.
To meet the increase in demand across the various market segments, we are expanding our terrestrial fiber footprint across the region and we are making additional data center investments including the expansion of our MDXi facility in Lekki, Lagos, and construction of a new data center facility in Appolonia City, Accra Ghana which will be ready for service in the first quarter of 2021. In addition, we expect to continue to see increased growth and investments in the start-up and innovation ecosystem which are driving locally relevant content and applications.
One of the factors that has distinguished MainOne over the years is the kind of products it brings to the market. What are the recent products you have developed, and what philosophy underlies product development at MainOne?
Our strategy remains enabling businesses and retail ISPs in the West African region with broadband infrastructure solutions to serve their end users and customers. This is built on the significant investments we have made in building out world class infrastructure across the West African region, whether via our Connectivity, Colocation, Cloud or Managed services.
We are a company of many firsts and most recently we announced the launch of the first locally available Microsoft Azure Peering Service in West Africa. This service provides enterprises using Microsoft Cloud services with a secure high-performance experience relative to what is currently available in the market.
What should we expect from MainOne with your new investments in data centers in Nigeria and Ghana?
We want to continue to consolidate our leadership position in the data center space across West Africa. In addition to our existing facilities, the new facilities will also be carrier neutral secure facilities which will allow customers the capacity and flexibility to adapt to market changes especially during these challenging times of a Pandemic and recession.
The data centers provide the highest quality of services to allow our colocated customers run their businesses online with 24X7 operation of a data center. They cater to the increasing demand for colocation and interconnection services we are experiencing from multinationals and local businesses seeking shared services facilities for their ICT resources in world class facilities.
The success of MainOne in the last decade is predicated on its Corporate Governance stance. What is your position on the Accounting Separation Framework (ASF) directive issued by the NCC this year?
MainOne has built a strong reputation of good Corporate Governance and take pride in our compliance practices. We have worked with our regulator’s directives on Corporate Governance and hold ourselves out as a role model and advocate for Nigerian companies in our industry. We think the ASF initiative by the NCC is laudable and long overdue to enhance fair competition in Nigeria’s telecom industry but only if the guidelines are transparent, objectively applied, and implemented.
Have you had issues with reporting your financials in the past, and how have your stakeholders responded to issue of disclosure?
MainOne is a private company but we have an open record of compliance with all our statutory filing obligations since inception with the various relevant agencies including Federal and State Tax agencies, the Corporate Affairs Commission, NCC and also the FRC among others. We have had no issues with reporting our financial statements in the past and we have consistently disclosed information to both shareholders and regulators when required. Of course, as a private company we do not publish our financial information in the public domain.
MainOne is administered from its headquarters (in Lagos), but the company is not solely a Nigerian company. How are the component units administered?
MainOne is a multi-national company, with our Group holding company registered in Mauritius. The group includes subsidiary companies in the various countries in which we operate including Nigeria, Ghana, Ivory Coast and Portugal. Our Group operational headquarters is based in Lagos Nigeria and the company is also majority owned by Nigerian investors. We are proud to be a Nigerian owned multi-national company.
What is your stance with respect to regulations, policies and corporate governance in the countries where you operate?
MainOne conducts its business in an ethical manner and one of our core values is integrity. Our business is focused on doing well and doing good as Africans for Africa in accordance with applicable laws, rules, and regulations in countries in which we operate. Obeying the law, both in letter and in spirit, and ensuring regulatory compliance is a critical performance measure for the entire company and an area in which we have performed well.
We have invested significantly in regulatory and compliance frameworks and ensuring that we adopt international best practices in meeting all compliance requirements.
What are your expansion plans for 2021? Any plans for Cameroon? Any challenges on the road there?
In 2021, we plan to explore further opportunities to expand in Francophone West Africa e.g. Niger and Mali, while we continue to drive plans to further expand in our existing countries i.e. Nigeria (Lagos), Ghana and Cote D’Ivoire.
In Burkina Faso, we have partnered with the World Bank to provide bulk connectivity services to a consortium of operators through the PAV – Burkina Cooperative.
With regards to Cameroon, we have extended our submarine cable to Kribi and partnered with Cameroon Telecommunications Corporation (CAMTEL) to accelerate broadband access and expedite penetration in that country and into neighboring Central African countries.
In the past, issues with taxation and Right-of-Way clearances encumbered broadband deployment, especially in Nigeria. Have they all been resolved? What has changed in the last half decade?
Major improvements have been made in the region especially in the last couple of years with regards to Right of Way challenges. However, there are still some lingering issues. Early this year, Ekiti and Kaduna State governments reduced the cost of Right of Way charges and several other states followed suit.
We believe these moves will help accelerate the deployment of fast and efficient infrastructure in these states though these conditions are not sufficient for the level of investment required.
Challenges remain in terms of infrastructure sharing arrangements and also the need for policy consistency over time that will encourage companies to make these long-term investments. As soon as we tackle these issues effectively, we will be able to realize our vision to diversify from oil and create a digital economy.
Tell us about the developmental impact of your services. What have you seen change in the lives of people and organisations as a result of your services?
Our biggest achievement to date is building the pioneering international backbone that reduced the cost of connecting our region to the Internet by orders of magnitude thus enabling access for our citizens.
We have provided wholesale Internet services to over 10 West African countries and Internet penetration in our region has grown from less than 10% to approximately 40% today.
Today, we have 6 cables landing in Nigeria and the country is ranked 7th globally in terms of Internet population. In addition, we have played a major role in enabling the start-up ecosystem in Nigeria which is now ranked #1 in sub-Saharan Africa and which has relied on the critical technologies we have deployed to drive their business models.
Telecom
X Suspends Twitter Account for Rules Violation

X, the social media platform formerly known as Twitter, has suspended the @Twitter account, replacing its profile with a standard notice citing violation of platform rules.

Musk
The action, which occurred on Sunday, January 11, left users encountering the handle greeted by a bold “Account Suspended” message on a black screen, with no details provided on the specific rules broken or the duration of the suspension.
The development has sparked widespread confusion and nostalgia among users, given that Elon Musk rebranded Twitter to X in July 2023, approximately six months after acquiring the platform for $44 billion in late 2022.
The @Twitter handle had remained dormant since before Musk’s takeover, serving as a legacy remnant of the platform’s original branding, and its suspension appears to mark the final erasure of the Twitter name amid X’s ongoing efforts to combat spam, impersonation, and rule violations.
X’s official statement on the suspended page simply reads: “X suspends accounts that violate our rules,” without offering an appeal process or further explanation, unlike standard user suspensions.
Public reactions on social media ranged from humorous laments of “RIP Twitter” to speculation that the move resulted from automated moderation or a deliberate cleanup of legacy trademarks.
xAI’s Grok AI described it as a purposeful retirement of outdated elements rather than a genuine infraction, while neither Elon Musk nor X spokespeople issued any comment as of Monday morning.
This incident underscores the evolving identity of the platform under Musk’s ownership, which also saw a domain shift to x.com in 2024, further distancing it from its Twitter roots.
Industry observers note that while the suspension aligns with X’s stricter enforcement policies, the lack of transparency has fueled debates on consistency in applying rules to high-profile legacy accounts.
Telecom
FG Plans to Invest $460m World Bank Loan in Fibre Infrastructure

Federal Government plans to channel $460m World bank loan, representing about 92 per cent of a $500m, into the proposed fibre infrastructure company set up to deploy 90,000 kilometres of climate-resilient broadband fibre across the country.

This is contained in the Financing Agreement for the Building Resilient Digital Infrastructure for Growth project between the Federal Government and the International Development Association, the concessional lending arm of the World Bank.
Under the agreement, the World Bank approved a $500m concessional credit to support Nigeria’s drive to expand access to high-quality and climate-resilient broadband internet in unserved and underserved areas.
Of this amount, $460m is earmarked specifically for equity financing and capitalisation of a new Project Company that will drive the fibre rollout. The remaining $40m will cover goods, works, consulting and non-consulting services, training, operating costs, and the refund of a preparation advance used to develop the project framework.
According to the document, the proposed Project Company will be established “as an independent, majority privately-owned and managed special purpose vehicle-joint venture with the objective of the deployment of 90,000 kilometres of climate-resilient fibre infrastructure following a phased approach, limited to provision of wholesale, open access services to licensed telecommunications operators, and management of associated investments, including the carrying out of preparatory activities and provision of transaction advisory services, and provision of equity financing in and capitalization of the Project Company.”
The Federal Government will participate in the company as a shareholder through the Ministry of Finance Incorporated, which manages the government’s investment interests. However, the agreement explicitly caps the government’s shareholding at a maximum of 49 per cent, ensuring that the company remains majority privately owned.
The $460m equity injection is broken into four tranches, tied to strict performance and operational milestones. The first tranche of $150m will be released once the Project Company is incorporated as a joint venture with private partners selected through a process acceptable to the World Bank, and after its memorandum, articles of association, and shareholding agreement are approved.
A second tranche of $100m will only be disbursed after the company adopts fiduciary and administrative procedures approved by the lender and completes at least 5,000 kilometres of fibre deployment. The third tranche of $100m is linked to the completion of an additional 20,000 kilometres of network construction.
The final tranche of $110m will be released after the company launches wholesale open-access services through a published reference offer and completes a further 40,000 kilometres of fibre deployment, bringing the total rollout to at least 65,000 kilometres before the final equity drawdown.
Once each tranche is withdrawn, the agreement requires that the funds be transferred to the Project Company’s dedicated account within five working days, showing the equity nature of the financing rather than traditional budgetary spending.
The project will be implemented under the oversight of the Federal Ministry of Communications, Innovation and Digital Economy, and the Federal Ministry of Finance will receive semi-annual progress updates.
A dedicated Project Implementation Unit will manage day-to-day execution, with overall financial management handled by the Federal Project Financial Management Department in the Office of the Accountant General of the Federation.
Beyond the fibre rollout, the project also includes technical assistance to federal government agencies to support the use of high-quality broadband in targeted areas, as well as funding for project management, monitoring and evaluation, environmental and social safeguards, grievance redress mechanisms and independent audits.
The agreement places strong emphasis on environmental and social standards, requiring compliance with an Environmental and Social Commitment Plan. It also mandates the establishment of an accessible grievance mechanism for affected communities and strict reporting obligations to the World Bank.
Telecom
Court Dismisses N1Bn Suit against MTN, Awards N3m Costs

A Federal High Court in Lagos has dismissed a N1 billion lawsuit filed against MTN Nigeria Communications Plc by Walls and Gates Ltd and Okechukwu Udeichi, its managing director, over alleged copyright infringement, breach of confidentiality, and trademark violations arising from MTN’s 20th anniversary promotional campaign.

Delivering judgement on Tuesday, Justice Ayokunle Faji held that the plaintiffs failed to establish any legally protectable right in their proposal titled “20 for 20”, describing the action as frivolous, speculative, and vexatious.
The court dismissed the suit in its entirety and awarded N3m in costs against the plaintiffs.
The plaintiffs instituted the action under Suit No. FHC/L/CS/1935/2021, alleging that MTN unlawfully used their “20 for 20” proposal, which they claimed to have submitted to the telecoms company on 17 September 2019, ahead of MTN’s 20th anniversary celebration in 2021.
They argued that MTN’s anniversary promotion, in which 20 sport utility vehicles were given out to subscribers, emanated from their proposal and amounted to infringement of their copyright, confidential information, and trademark.
Based on those claims, the plaintiffs sought N1bn in damages or, alternatively, an order directing MTN to render an account of revenue generated from the promotion and remit 50 per cent of it to them.
MTN denied the allegations, contending that the proposal was an unsolicited business idea that imposed no contractual or confidential obligation on the company.
The telecoms firm maintained that its 20th anniversary programme was independently developed and that the plaintiffs’ document was merely a general business concept not protected under Nigerian copyright law.
MTN further argued that the plaintiffs lacked a valid registered trademark and failed to demonstrate access to or copying of any protected expression.
In resolving the dispute, Justice Faji noted that the plaintiffs conceded during oral submissions that they failed to prove their claim of trademark infringement, leaving only the issues of alleged breach of confidentiality and copyright infringement for determination.
On confidentiality, the court held that no confidential relationship existed between the parties.
Justice Faji observed that before sending the proposal to MTN, the plaintiffs had already submitted it to the Nigerian Copyright Commission and relied on it for a trademark application, thereby placing the document in the public domain.
The judge further noted that after transmitting the proposal to MTN, the plaintiffs admitted circulating it to other organisations, which extinguished any claim to confidentiality.
According to the court, MTN had no obligation to respond to an unsolicited proposal in the absence of a contractual, fiduciary, or business relationship, or a non-disclosure agreement.
On the allegation of copyright infringement, the court held that registration with the Nigerian Copyright Commission does not confer copyright, stressing that Nigerian law protects expressions, not ideas or business concepts.
Justice Faji ruled that the plaintiffs’ “20 for 20 Millennium Promotion” amounted to no more than an idea of rewarding customers during an anniversary celebration and lacked the originality and intellectual effort required for copyright protection.
He described the proposal as a bare business concept devoid of original qualities capable of attracting copyright. The judge also held that MTN’s use of the phrase “MTN 20th Anniversary” was a natural description of an anniversary event and did not originate from any protectable work of the plaintiffs.
He further relied on evidence showing that MTN affiliates in other jurisdictions had implemented similar anniversary reward ideas before the plaintiffs’ proposal.
Justice Faji characterised the suit as a “gold-digging exercise” aimed at forcing a commercial relationship on MTN. He criticised the plaintiffs for using MTN’s trademark in their proposal without authorisation and then seeking to ground a billion-naira claim on the same document, adding that the case wasted valuable judicial time.
While affirming that citizens should have access to the courts, the judge stressed that such access must be limited to suits with prima facie merit.
He therefore awarded N3m in costs in favour of MTN, holding that costs must follow the event.
The court accordingly dismissed the suit in its entirety and ordered the plaintiffs to pay the awarded costs to the defendant.
Credit: Punch
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