The new owners of Nigeria Telecommunications Limited, NATCOM Consortium, says it is committing $1 billion on roll out and expansion in the next five years in Nigeria.The company, which has been rebranded to ntel, is optimistic of propelling over 50 million 4G subscribers in the country by 2020.
Nigeria’s Guardian newspaper report said that the Chief Executive Officer of ntel, Kamar Abass, said in Lagos that the new telecommunications outfit would help build critical mass with its pure play 4G LTE network propagated on Goldilock system with speeds of up to 240 mbps.
Abass told the delegation of the Association of Telecommunications Companies of Nigeria (ATCON) that many people believed that the Nigerian telecommunications industry has witnessed a transformation in the past 15 years, but that ntel is coming with a new revolution.
“Many people believe that the Nigerian telecoms industry has witnessed a transformation in the past 15 years. With ntel coming on stream this year, I believe we are about to witness a new revolution,” he said.
NATCOM is the consortium that acquired the assets of NITEL/MTel in a guided liquidation process, which was overseen by the Bureau of Public Enterprises and National Council on Privatisation.
The company, which will trade under the ntel brand name, plans to offer Nigerian subscribers value driven superfast broadband Internet services in alignment with the Federal Government’s plan for a five fold broadband increase by 2018.
ntel said it would launch a pure play 4G LTE mobile service that would offer high speed data, high-definition voice and video on demand.