telecom industry

Recharge Card Sellers Face Tough Times as Banks Dominate the Airtime Market
The once-thriving business of selling recharge cards is witnessing a significant downturn as an increasing number of Nigerians turn to digital payment platforms and bank-based...

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Politics Today
4 weeks ago4 weeks ago

The once-thriving business of selling recharge cards is witnessing a significant downturn as an increasing number of Nigerians turn to digital payment platforms and bank-based airtime purchases. Research by LEADERSHIP reveals a clear trend: more Nigerians prefer cashless transactions, utilizing mobile banking apps to recharge their phones directly. A vendor who has been in the...

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Fueled by New Investment, Nigeria’s ntel Gears Up for a Bold 2026 Comeback
ntel, the telecommunications company under NatCom Development & Investment Limited (NATCOM), has recently secured undisclosed new funding aimed at resuming its operations by early 2026....

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Tech
1 month ago1 month ago

ntel, the telecommunications company under NatCom Development & Investment Limited (NATCOM), has recently secured undisclosed new funding aimed at resuming its operations by early 2026. This financial boost, arranged through the Asset Management Corporation of Nigeria (AMCON), is a critical step in the company’s efforts to overcome previous financial setbacks and reestablish its presence in...

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MTN Nigeria to Conclude Spectrum Lease with Ntel by November 2025: What This Means for the Telecom Landscape
MTN Nigeria Communications Plc has announced that it will not extend its one-year spectrum leasing agreement with Natcom Development & Investment Ltd (Ntel) when the...

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Tech
2 months ago2 months ago

MTN Nigeria Communications Plc has announced that it will not extend its one-year spectrum leasing agreement with Natcom Development & Investment Ltd (Ntel) when the contract concludes in November. This lease involved 5 MHz of FDD spectrum in the 900 MHz band and 10 MHz of FDD in the 1800 MHz band, covering 17 states....

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Algérie Telecom Surges Ahead with 2.5 Million Fibre Subscribers and Counting!
Algérie Telecom has surpassed 2.5 million subscribers on its Fibre-to-Home (FTTH) network, marking a historic achievement in North Africa’s broadband expansion. Announced in Tlemcen, this...

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Tech
2 months ago2 months ago

Algérie Telecom has surpassed 2.5 million subscribers on its Fibre-to-Home (FTTH) network, marking a historic achievement in North Africa’s broadband expansion. Announced in Tlemcen, this state-owned provider now delivers fibre internet speeds reaching up to 1.5 Gbps, positioning Algeria among the continent’s fastest-growing fibre markets. As the exclusive license holder for fixed-line telephony and broadband...

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MTN Set to Restart Telkom SA Acquisition Talks by Late 2025: A New Chapter in Telecom Awaits
MTN Group, a major player in the telecommunications sector, is reportedly revisiting its strategy to acquire Telkom, a South African telecom rival. This move comes...

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Tech
2 months ago2 months ago

MTN Group, a major player in the telecommunications sector, is reportedly revisiting its strategy to acquire Telkom, a South African telecom rival. This move comes after MTN withdrew from acquisition talks in 2022. Bloomberg reports that this initiative aligns with MTN’s broader ambition to expand its presence and solidify its leadership across Africa’s telecom landscape....

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Chams’ SIM Card Business Soars to N5 Billion Turnover Just Three Years After Launch!
Chams’ SIM Card Venture Achieves Remarkable N5 Billion Revenue Milestone in Just Three Years Launched under the umbrella of Cardcentre Nigeria Limited, Chams’ SIM card...

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Politics Today
2 months ago2 months ago

Chams’ SIM Card Venture Achieves Remarkable N5 Billion Revenue Milestone in Just Three Years Launched under the umbrella of Cardcentre Nigeria Limited, Chams’ SIM card manufacturing division recorded an impressive turnover of N419 million in its inaugural year, 2022. Since then, the business has experienced exponential growth, culminating in a staggering N5 billion revenue within...

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