Globacom accelerates growth in telecoms Sector in Q3, 2020
Glo, a leading GSM telephony brand has emerged the fastest growing telecoms company in Nigeria thereby impacting the accelerated growth and profitability of the multi-billion naira sector.
The indication was revealed by the recent disclosures by the National Bureau of Statistics which said ‘’Globacom was the catalyst of the growth witnessed in Nigeria telecommunications industry in the third quarter of last year.
According to the data, the telecommunications sector grew considerably in the quarter as a result of data subscriptions which surged by 23 percent year on year to stand at 151,063,413 million subscribers at the end of September 2020. In contrast to 2019 which recorded 122,792,291.
The company’s outstanding performance in the sector is believed to be a result of the continuing network upgrade which has enhanced data service delivery to its subscribers. Globacom’s data services are powered by Glo-1— an international submarine cable and wholly-owned facility with huge capacity that brought an unmatched bandwidth from Europe to Nigeria and other West African countries.
According to NBS, Globacom recorded a 33.2 percent growth in its internet subscriber base between September 2019, and September 2020; MTN came second with a growth percentage of 24.5 in the period under review; Airtel recorded a 21.4% growth year on year; while 9mobile witnessed a huge decline as it suffered a 14% slide in its internet subscriber figures between September 2019, and September 2020.
Globacom is offering subscribers attractive data packages with an unmatched value. For instance, 7GB goes for only N1500, while N10,000 gives the subscriber 50GB. It also has the Mega Data plans meant for Home Broadband users such as Small Office Home Office (SOHO) and SME customers as well as high-end customers who have the need for higher data benefits with longer validity periods. Apart from these, Globacom also has numerous social data plans which meet every customer’s social needs.
The Telco giant is extending its massive fibre routes pan Nigeria at an accelerated pace so as to further improve broadband penetration and the range of Glo 4G+ data services to all parts of the country.
Launched in 2003, Globacom has provided world class cutting edge technology and designed telecom solutions to suit the needs of various audiences. Also the first to introduce the per second billing option and 4G service, Glo operates over 437 networks in 180 countries worldwide.
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