Thursday, 18 August 2016

MIKE ADENUGA’S GLOBACOM GETS EXCESS OF 5 MILLION NEWS SUBSCRIBERS IN A YEAR

Tectono Business Review gathered that Globacom, a National telecommunications operator owned by a billionaire businessman, Otunba Dr. Mike Adenuga, has emerged the first choice of subscribers in voice services by recording 68 percent  of all  additional GSM lines in the country in the last 12 months.


                                               
According to the telecom industry statistics published on the website of Nigerian Communications Commission (NCC), a total of 7,477,977 new lines were activated between June 2015 and June 2016, with Globacom recording a whopping 5,063,895 new susbcribers, representing 68 percent, while Airtel added 2,414,082 new customers. The statistics went further to show that MTN and Etisalat had their GSM subscriber figures whittled down. While Etisalat lost 382,336 customers, MTN’s subscriber base was depleted by 4, 403,344 in the last one year.

According to the NCC’s detailed report, with the feat achieved by Globacom, the data grandmaster has now grown its market share from 21 percent to 24percent with 36.3 million subscribers at the end of June, 2016. But, MTN which once had over 45% share of the market had this reduced to 39% at the end of June with 58.4m subscribers. Glo had a total of 31,256,677 customers by June 2015, whereas MTN had 62,813,111.

In a statement by Globacom, it has continued to narrow the gap between it and MTN, it has created a substantial gap between it and Airtel. Both Glo and Airtel were at par in terms of market share only three months ago with each having 21percent.

But Airtel, whose subscriber base stood at 29,564,766 at the middle of last year, had 31,978,848 customers at the end of June 2016. This still keeps it at 21 percent share of the GSM market. On its part, Etisalat had 15% share with 22,469,896 customers at the end of June, 2016, down from 22,852,232 at the same time last year.

Globacom’s lead in the voice segment of the industry complements its status as clear leader in the data market where it has for the last one year remained tops in new internet subscriber acquisition.