Connect with us

E-Business

Swift Networks Acquires 4G Business of DoPC, Mulls LTE Tech

Published

on

(L-R): Top 3 Contestants saved by Judges Wild-Card, Odugbemi Idown Sarah, Anthony Akpan, and Zibili Evelyn, at the Etisalat Sponsored Nigerian Idol Season 4 Wild-Card Episode, held at Dream Studios, Omole Phase 1, Lagos, over the weekend.
Kindly share this post

After 18 months painstaking discussions, Swift Networks Limited, a leading provider of wireless and fibre-based broadband services to businesses and residential users on Wednesday announced the acquisition of the 4G business of Direct on PC (DoPC) .

With to this transaction, Swift Networks has acquired all the wireless infrastructures and customers of Direct on PC in Lagos, Abuja and Port Harcourt.

The company also said it has contracted a consortium of equipment vendors and service providers to rollout a new superfast broadband network in the coming months.

Speaking during a press conference to announce the completion of the acquisition, Mr. Charles Anudu, managing director, Swift Networks Limited, described the feat as a milestone to the Network’s journey to competitive position in the high quality broadband segment and footprint in the Nigerian market.

“It will improve our customers’ broadband experience and overall operating results as the cost efficiencies arising from the economies of scale of the streamlined operations will accrue to our various stakeholders.

“The ultimate beneficiaries will be our current, future and DoPC’s erstwhile customers who will continue to invest in new technologies and processes that deliver values that make sense to them,” he said.

Anudu added that Swift Networks and DoPC are perfect fit as they share a common passion for innovation and customer satisfaction.

On his part, Mahesh Sadhuwani, vice president of Bhojraj Chanrai and owners of Direct on PC, said he was happy the Company found the Swift Networks home for its 4G WiMAX customers, adding that they (the Customers) will join an operator that has become the undisputable leader in both network quality and customer service in its category”.

Meanwhile, the financing for the transaction provided by Union Bank and FCMB were not disclosed.

Similarly, Swift Networks has contracted a consortium of equipment vendors and service providers led by Huawei, HIS, Helios, SWAP and Porta One to rollout a new superfast broadband network in the cities of Lagos, Abuja and Port Harcourt, based on the new 4th Generation Long Term Evolution (4G LTE) technology.

The LTE is expected to run alongside Swift Networks’s current 4G WiMAX and fibre networks, using some of the assets from the DoPC acquisition.

Mr. Chukwuma Okoye, chief operating officer of the Network said: “LTE is an initial for long term evaluation, marketed as 4G LTE, a standard for wireless communication of high-speed data for mobile phones and data terminals. It is designed to increase the capacity and speed using a different radio interface together with core network improvements. Swift’s LTE networks will go live from the third quarter of this year.

“We are going to ramp up our access speed offering with this 4G LTE rollout to further improve the availability and penetration of high quality broadband services to more homes and businesses. With our 4G LTE services, more businesses and homes will become more productive and competitive as they are able to do more at real 4G speeds”.

To this, end the network promises that workers in the same office and members of the same family will also be able to share the same 4G connection, make and receive clear voice calls and stream high definition video and music content at affordable prices, he added.


Kindly share this post

Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd

E-Business

Transcorp Hotels Delivers Stellar H1 Results, Declares Over ₦1Bn Dividend

Published

on

Kindly share this post

Transcorp Hotels Plc has delivered a stellar performance in the first half of 2025, recording a 60% year-on-year surge in revenue to ₦47.57 billion, up from ₦29.72 billion in H1 2024. Gross profit climbed 71% to ₦36.21 billion, maintaining a strong 76% margin despite inflation and operational headwinds.

The hospitality giant, a subsidiary of Transnational Corporation Plc, also announced an interim dividend payout of ₦1.024 billion — offering ₦0.10 per 50 kobo ordinary share to shareholders.

In a bold move, the company unveiled Nigeria’s largest corporate venue — the 5,000-seat Transcorp Centre — staking its claim as the new leader in event hospitality. Chairman Emmanuel Nnorom described the results as proof of Transcorp Hotels’ transformative strategies and unwavering investor commitment. MD/CEO Uzo Oshogwe attributed the success to relentless execution and a resilient business model.

Transcorp Hotels, renowned for iconic assets like Transcorp Hilton Abuja and its digital platform Aura, says it isn’t just leading Nigeria’s hospitality sector — it’s redefining excellence across Africa.


Kindly share this post
Continue Reading

E-Business

Microsoft Servers Hacked by Chinese Groups

Published

on

Kindly share this post

Chinese “threat actors” have hacked Microsoft’s SharePoint document software servers and targeted the data of the businesses using it, the firm has said.

Microsoft Servers Hacked by Chinese Groups

 

China state-backed Linen Typhoon and Violet Typhoon as well as China-based Storm-2603 were said to have “exploited vulnerabilities” in on-premises SharePoint servers, the kind used by firms, but not in its cloud-based service.

The US tech giant has released security updates in response and has advised all on-premises SharePoint server customers to install them.

“Investigations into other actors also using these exploits are still ongoing,” Microsoft said in a statement.

The firm said it had “high confidence” the hackers would continue to target systems which have not installed its security updates.

It added that it would update its website blog with more information as its investigation continues.

Microsoft said it had observed attacks in which hackers had sent a request to a SharePoint server “enabling the theft of the key material by threat actors”.

Charles Carmakal, chief technology officer at Mandiant Consulting firm, a division of Google Cloud, told reporter, it was “aware of several victims in several different sectors across a number of global geographies”.

Carmakal said it appeared that governments and businesses that use SharePoint on their sites were the primary target.

A number of adversaries who stole material encoded by cryptography were then able to regain ongoing access to the victims’ SharePoint data, he said.

“This was exploited in a very broad way, very opportunistically before a patch was made available. That’s why this is significant,” Carmakal said.

Carmakal said the “China-nexus actor” was deploying techniques similar to previous campaigns associated with Beijing.

Microsoft said Linen Typhoon had “focused on stealing intellectual property, primarily targeting organizations related to government, defence, strategic planning, and human rights” for 13 years.

It added that Violet Typhoon had been “dedicated to espionage”, primarily targeting former government and military staff, non-governmental organizations, think tanks, higher education, the media, the financial sector and the health sector in the US, Europe, and East Asia.

Meanwhile, Storm-2603 was “assessed with medium confidence to be a China-based threat actor”.

 

 

 


Kindly share this post
Continue Reading

E-Business

NIMC Warns Nigerians of Fake NIN Website

Published

on

Kindly share this post

National Identity Management Commission (NIMC) has issued a public warning that it is not associated with NINcard.com.

NIMC Warns Nigerians of Fake NIN Website

According to the commission, the website has been circulating online to offer services for Nigerians seeking National Identification Number (NIN) services.

NIMC, in a post on its official X account on Wednesday, said, “NINcard.com is not in anyway affiliated to NIMC. Stay vigilant!”

The warning was accompanied by screenshots of fake payment receipts and OTP request pages from the website, both of which were boldly stamped “FAKE” by NIMC to alert the public.


Kindly share this post
Continue Reading

Trending