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NCC boss: Over $70 billion spent on telecoms infrastructure in Nigeria
Vox Media Over $70 billion have been invested in telecommunications infrastructure deployment in Nigeria since the liberalisation of the industry in 2001. The Executive Vice Chairman of the Nigerian Communications Commission, NCC, Prof Umar Garba Danbatta, who made this known said the amount represented a larger chunk of local and Foreign Direct Investment (FDI) attracted into the sector within the period. Danbatta made the remarks on Thursday while delivering the Bullion Lecture 2021 Edition organised by the Centre for Financial Journalism (CFJ), Lagos. According to him, the investment in infrastructures has boosted the economy and provided more opportunities for more Nigerians have access to telecoms services. “Today, the number of active telephone lines being used by Nigerians has signi...
NCC: Telcos to roll over subscriber’s unused data
Fix Africa News Magazine The Nigerian Communication Commission (NCC) has instructed telecommunication companies to henceforth roll over subscriber’s unused data to subsequent data subscription. In a statement on Thursday by the NCC spokesperson, Ikechukwu Adinde, said the agency reached the conclusion during its bi-annual meeting with Senior Executives of telecommunication companies on complaints management. The meeting which held virtually focused on consumer relations and complaint management processes. Adinde disclosed that the NCC and the telecom service providers agreed that the compensation policy should be revisited and complied with always to ensure full compliance with the new Complaint Categories and Service Level Agreement (CC/SLA) consented to by the NCC and the service provide...
Netflix adds another 10 million subscribers
Getty Images Netflix is still growing as people continue to shelter in place around the country, but the company is now seeing the slowed subscriber growth executives predicted would arrive three months ago. On top of announcing that longtime chief content officer Ted Sarandos would join CEO Reed Hastings as co-CEO, the company made a few impressive announcements. Netflix added 10.2 million subscribers in its second quarter, beating the company’s own estimates that it made in its first quarter, which suggested it could add around 7.5 million. Netflix noted that it added 26 million paid new subscribers in the first two quarters of 2020 alone; in 2019, the company added 28 million subscribers in total. The company’s revenue grew 25 percent year over year, but missed its revenue goals for the...
