Nigeria’s Globacom Limited acquires 2 million new subscribers

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Globacom Limited, a Nigerian multinational telecommunications company headquartered in Lagos, has gained 2 million new subscribers. The telecoms company gained more subscribers than its rivals in the sector in December 2018.

According to new statistics from the Nigerian Communications Commission, Globacom also became the second largest operator at the end of 2018. In the bid to provide the country’s largest data network, Globacom introduced Oga SIM, which offers 125 percent data bonuses to all new data customers, and GloYakata, which rewards customers with amazing data and voice benefits every time they recharge their Glo lines.

The telecoms giant garnered 1,982,109 new customers, moving up its subscriber base from 43,273,188 to 45,255,297; a figure which amounts to 26.24 percent of total industry subscriber figure.

The figures show Globacom is the second largest network and shows Airtel remains in third place after increasing by 1,061,330 subscribers to arrive at 44,180,484 subscribers in December. This has pushed Airtel to 25.61 percent of cumulative industry subscriber base.

The report further indicates that 9mobile added 555,344 subscribers, as the third largest gainer,  to move up to 15,917,015 in December, from 15,361,671 in November while MTN stands at 67,133,009, having added only 158,017 in December 2018.

Globacom was established in 2003 and has operations in other West African countries namely Ghana and Cote D’Ivoire. The company made history in Nigeria when it became the first GSM operator to implement per second billing.

The company also became the first telecommunication company to build an $800 million high-capacity fibre-optic cable known as Glo-1 in 2011. Glo-1 was the first successful submarine cable from the United Kingdom to Nigeria.

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