Zegtel, a mobile virtual network operator (MVNO) in Nigeria, is placing a significant wager to increase mobile coverage nationwide.
The startup, in a release seen by News.ng, said that it will invest $21.8 million over the following five years to increase access to mobile networks, especially for underprivileged groups.
Zegtel is the telecom affiliate of Bicontinental Group, which provides telecom services to telcos in Africa, the Middle East, and Latin America.
According to the company’s widely circulated statement, this investment aims to close the digital divide and provide millions of Nigerians without access to telecom services with reasonably priced connectivity.
According to a remark from Zegtel executive chairman Professor Victor Izegbu, “Subscribers in other developed markets enjoy an extensive array of value-added services on their mobile networks.”
Regretfully, most Nigerian subscribers are only exposed to the most basic voice and data offerings. Zegtel’s product line is poised to alter that perception.
According to the telco, this investment aims to close the digital divide and provide millions of Nigerians without access to telecom services with reasonably priced connectivity.
“We believe that access to reliable telecoms is a basic human right in today’s interconnected world. Our $21.8 million investment is a testament to our dedication to bridging the digital divide and ensuring that every Nigerian has the opportunity to connect, communicate, and thrive,” Izegbu noted.
The MVNO’s bold ambition is being announced when Nigeria and many other emerging African nations try expanding access to telecom services and upgrading their digital infrastructure, especially its underwater cables.
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