07 May 2024

Zegtel plans to invest 30 billion naira over the next five years to expand mobile connectivity coverage in the country.

“In other developed markets, subscribers benefit from a wide range of value-added services on their mobile networks. Unfortunately, in Nigeria, subscribers only have access to the basic voice and data offering. Zegtel is set to be a game changer with its product offerings,” said Victor Izegbu, executive chairman of the MVNO.

Zegtel is among 25 MVNOs awarded operating licenses by the Nigerian Communications Commission (NCC) in June 2023. The company acquired a license in the Tier 3 category for N130 million.

Zegtel seeks to bridge the digital divide in the country and provide affordable connectivity to millions of Nigerians who previously lacked access to telecommunications services. The company will still have to compete with mobile network operators, ISPs and other MVNOs.