|
NCC
Curtails Products Promotion
The
Nigerian Communications Commission, NCC has directed that before
embarking on any major promotions, all telephone operators would now be
required to submit an impact analysis of such promotions on their
networks with respect to compliance with Key Performance Indicators (KPIs)
as set by the Commission. They will also be required to state the
duration of such promotions.
The
announcement came along with a statement by the Commission that it has
lifted the June 14, 2007 ban placed on MTN and Celtel (now Zain) for
unacceptable level of compliance to the Key Performance Indicators on
quality of service at the time.
The
Commission said while it is not its intention to micro-manage any
operator’s business, it is its primary responsibility to protect the
consumer and ensure that services are provided at optimum quality.
Starcomms
introduces iZAP Express Card - an Internet Enhancer to its subscribers
A
complement to the speed of the 3G EVDO Mobile Internet systems in the
form of an enhancement data card has been introduced into the Nigerian
market by Starcomms. It is called the iZAP Express Card.
Proprietary to Starcomms in Nigeria, iZAP Express Card is also being
launched at this time in a few countries in South America and Asia.
Starcomms is marketing it in five packages with varying access and
validity periods. Mr. Maher Qubain, CEO of Starcomms said midweek in
Lagos that the activation packs come in various packages including a 100
hours subscription package valid for one month.
Starcomms Plc, is Nigeria’s first publicly quoted telephone provider and
largest deployer of CDMA standard of digital mobile telephony. It is
spreading service across the country complete on triple-play doing
mobile, fixed and internet with optimum quality that makes the spread
regarded as steady and assuring. It is present in 17 major locations
with signal flow into another 19 on stone-throw access.
It was forecast by
local analysts
in December 2007 as one of the operators to watch in 2008 and it must
have proved the forecast right several times over.
Another notch for improved access to bandwidth in Africa as Google backs
O3b Networks
O3b Networks
stands for ‘other 3 billion’ (people to receive internet access by
satellites) Networks. There are indications that O3b Networks is making
plan to provide cheap, high-speed Web access to 3 billion people in
emerging markets of Africa, Asia, Latin America and the Middle East
using satellite. Target take off date: 2010.
News emerged
from Europe last week that Google, HSBC Principal
Investments, and cable operator Liberty Global have joined forces and
thrown their weight behind the rather ambitious plan.
In spite of the
latency which satellite communications is susceptible to, bandwidth
costs for telecommunication operators and Internet service providers
should be reduced if the dream comes through.
Poor power supply hinders telecom business
Two years after
receiving operating licenses, 210 ISPs (Internet service providers) have
yet to launch services in Nigeria,
Telecom Answers Associates’ CEO, Titi Omo-Ettu said recently. The statistics is derived from the Industry
report of ISP Audit of 2006, commissioned by the Nigerian Communications
Commission and carried out by Omo-Ettu's firm. The study included all
528 ISP licensees issued from 1996 to 2006. In addition to those who
have failed to launch service, another 96 licensees went out of business
prematurely due to poor public power supply, Omo-Ettu said. Eighty
percent of ISPs that went out of business linked their misfortunes to
the power crisis, he noted.
There is a huge
gap between demand and supply of bandwidth in Nigeria, according to
Omo-Ettu. "The gap is brought about by consumers' inability to buy
bandwidth, and this inability is accentuated by an indescribable and
worsening access to basic public electricity supply across the entire
country," he said. Excerpts from the ISP Audit Report placed the number
of operating ISPs at 117; an additional 99 licensees were in business at
the time of the report but not operating as internet providers, he
noted. "If power problems are resolved, many ISPs would thrive in spite
of the high cost of bandwidth," he said. "Power is the only problem, so
to say." Changing the name of the present government-owned Power Holding
Company from the National Electric Power Authority is not enough to
change the sector, Omo-Ettu said. He charged the engineering society
members with taking a position on the power crisis.
Culled from
NIGERIA TODAY ONLINE
NEWS REVIEW
Nigeria to host Commonwealth ICT Summit: What gains to Nigeria?
ICT Summit 2008
of the Commonwealth Telecommunications Organization, CTO, will hold in
Abuja, Nigeria on October 6 – 10, 2008.
The summit is one of the International talkshops which rotate among and
within regions of the world with the objective to further the reach of
ICT resources to all peoples of the commonwealth.
Although a CTO summit in particular may not be one of the big deals of
ICT global events, it makes significant meaning for a country like
Nigeria to host such gathering of world players now that the country is
announcing nominal figures in excess of 50million of telephone lines.
Nigeria’s regulatory regime, on its own merit, has in a few ways become
a model that earns it attention and therefore instant endorsement should
it request for a hosting right. So, it should sound right that Nigeria
begins to count as endorseable host of these telecommunication events.
Like in many spheres of world economics, developing countries are not
known to derive optimum advantage from hosting global events beyond the
level of participating officials improving their education and little
perquisites of office by attending the meetings. Until recently, older
generation of officials merely went on those pilgrimages without
contributing anything to the decision of those world bodies. So nobody
would ever endorse their countries for hosting rights. While some went
out primarily to make estacode-inspired private shopping, a good number
are known to even sleep on their chairs when others talked. But that is
now changing with the coming of liberalization when players in both
government and the private sector started making a combined impact here
and there.
In other climes, it is not unusual for hosts of such events to count a few major sectoral advantages that the hosting rights fetched their markets beyond
the ordinary personal gains of participating delegates. It is in that
regard that the world may be expecting what Nigeria would be counting at
the end of this high level discussion forum holding on its ground.
Should any be counted, it would have raised Nigeria’s rating, once
again, in global reckoning. For example, there is no reason why our organizing
officials cannot begin to use the opportunity of hosting ICT summit XYZ to
champion discussion which will make the world body to motivate operators
to include provision of special assistive technologies to our people who have
disabilities? It is not too early to ask that the GSM guys in Nigeria
subsidize the production of assistive technologies which can make access
affordable to visually impaired persons just as Vodacome did a few days
ago in South Africa?
An international forum which we are hosting is a good platform to use in
making inroad into such major industry leap, beyond rhetoric, and
Nigerians have the right to ask what the forum will leave behind when
the delegates leave. The GSM guys would, very rightly, subsidize sports,
music, and maybe, very soon, religion crusades since that is what would
sell their products, ours being a developing economy. They will not
normally go out of their way to subsidize developmental projects which
do not increase their
profit. And it is not their business to originate the ideas of how to
truly develop our people. Our people love entertainment and hype.
Yes. But that is sympthomic of underdevelopment and what investors
do is to latch into it and do business.
It is the
business of our officials to do that, not by wanting to participate in
business but by goading business people towards true development using a
forum like ICT Summit 2008.
|
|
Etisalat to launch service soon
Etisalat,
executing the $400 million License which the federal government
unilaterally allocated to Mubadala Development Company in late 2006 is
gearing up to launch nationwide service as the fifth Mobile GSM operator
in Nigeria.
It announced an advance launch in
March 2008 and has been pounding the industry with media presence. Other
providers in its class are Globacom, Mtel, MTN,and Zain.
CyberschuulNews 304
GIANT STRIDE as
Daarsat, 40-Channel, Comes on Stream
Daar
Communications Plc, operators of AIT-TV have signaled intension to
commission a multi-channel TV transmission originating from Nigeria and
beaming digital signals via satellite to cover news, sports,
entertainment, technology and business on Direct To Home platform.
AIT's
daring and aggressive proprietor, Aleogho Dokpesi, watched on TV, took
media executives on a facility tour of the world class transceivers
installed in his Abuja studios last Friday. Going by what those who saw
the facility said, it is clear that the TV station has taken
broadcasting to the next level.
The news is however, strictly
speaking, more about AIT's promoter and proprietor than about AIT. Here is
an investor who has taken daring decisions to improve society at a time
when those who claim commitment to development via the wide path of
partisan politics went about sleeping only to wake up and make loots.
Truly and thoroughly Afrocentric, Aleogho Dokpesi, formerly Raymond
Dokpesi sits atop the Daar Communications conglomerate to fashion
programmes which seek out Africa and Africans and, in the process,
raised by several notches, society’s perception of politics,
entertainment, sports and even religion. He motivated his workers to
return to their Africanness by adopting their native names thus, in
another stretch, destroyed the fallacy that the best of that industry was a
preserve of people from the large tribes that make Nigeria.
The field of play is not like
internet where the players are computers but made of human beings. So he
has had to wade through the shenanigans of several layers of bad-belly’s both in
official and private life to make the point that he has been making.
Chances are that that fellow is
motivated more by vision, passion and share guts than by motives of commerce and
personal comfort to have reached where the dream of his conglomerate is
today. Compare that with those who sit down to contrapt TTA [a.ka.
third-term-agenda], Pentascope, Transcorp etc etc.
Before long Daarsat will be
joined by an across-the-country multitude of agents who will be selling
integrated decoders capable of receiving digital terrestrial and
satellite signals.
Free Laptops to youths at ITU Forum
Courtesy OLPC (One Laptop Per
Child), Youth Forum participants at the ongoing
ITU Telecom Asia 2008 received free low-cost
child version XO laptops at the opening of the
Forum. ITU says it is part of its initiative to
promote affordable devices that increase access
to ICT.
Google Chrome,
a new browser, lands in the market
Internet Explorer and Firefox now
have a good challenge in a browser which Google
launched last Tuesday. The browser, called
Google Chrome, is designed to handle video-rich
or other complex web programs more quickly than
traditional browsers, which were first designed
to handle text and graphics. It also claims
speed and simplicity of usage. Google says a
beta version will be available to Windows users
in 100 countries and that it was working on
versions for Apple and Linux users.
Ask the designer and they will
also say it is sleeker, faster, safer and more
reliable than anything you have seen. Above all
‘it enables more searches’, whatever that means.
Did you say ‘Lets wait and see’?
It is believed that Microsoft’s
Internet Explorer has a grip of 70% of the
world’s browsers market while Mozillar’s Firefox
has 20%.
|
|
CyberschuulNews 303
What’s up in the Industry?
Zain: Migraine at Dawn!!
Although the news has not been commonplace on
the newsstands, it is just because that is how
the newsmaker wants it to present. But the fact
really is that Zain in Nigeria [formerly Celtel,
formerly Vmobile, formerly V-Networks, formerly
Econet Wireless] has been sharing its
bombardment of the airwaves and newspaper pages
with a familiar boardroom squabble at its head
office.
Boardroom players have their way of thinking
that what is their problem is theirs and would
rather that no-one pokes nose into it. They
forget that although they are private industry
players, what good or bad gets played across
their mahogany tables ultimately affects those
of us who buy their products. If as a result of
some guys' profligacy, we are made to buy a one
minute of phone airtime at N39 when we think it
should not have been more than N20, then we have
a stake. And a right to know.
An obscure newspaper broke the news and it was
found to be real.
It is the familiar storyline. For cash crunch
reasons, a company goes up into the waiting arms
of a bigger player. The bigger player comes in
to take a big chunk and wants to, as it should
rightly do, dictate all the tune. Then he starts
paying fat fat bills on purchase items which the
original players, now the underdogs, consider as
big bite into their hitherto smiles to the bank.
The small players make a case, usually a good
case, but they end up being swallowed up and the
big guys have their way. That is the way of
business, particularly in economies that are
lowly rated on issues of good governance.
Each re-branding brings along some huge
expenditure which are nothing but rip-offs on
virtually everybody concerned except the big
owners.
That really is what the story reads like but
short of the concern of Nigerian phone users who
get ripped off on a continuous basis the story
is really not one to make any notable headline.
Specifics: Mr Oba Otudeko, a strong local
investor who had become a small player by the
various buy-ins is leading a group of unhappy
underdogs to attack the decision of the big
player to hire a drab facility for a princely
$30million. Why Dollars?, why hiring,? why now?
Those are the issues he wants answered and he
also wants the Court to stop the big players
from continuing such profligacy that accompanies
all re-brandings. He and his group fume that it
is unfair path for a firm that has not paid
dividend in seven years. True or false?
But there is an issue here. The minority players
in Zain in Nigeria who have been saying that the
company is spending unjustified huge
dollar-denominated figures on local purchases
keep repeating that in seven years of its
existence, it has not been able to pay dividends
to its shareholders. And they blame it on
endless re-branding and along the line, graft.
That can only an aspect. There is the other
aspect, namely:
Obong Victor Attah, former Governor of Akwa Ibom
State told a Lagos audience through a
representative in 2006 that his Government which
invested $60.7million in Econet in 2001 reaped
$204million when it divested its shares in 2006.
How do we reconcile that with the story that
Zain, (Celtel, VMobile, V-Bnetworks, Econet )
has not been paying dividends to its
shareholders?
There must be a lie somewhere. And it should be
explained because here, public money has been
involved. A lie is a lie no matter how many
times it is told.
What’s Cooking?
‘Vodaglo’ may be up!!
There is news in the air that Nigeria’s Mike
Adenuga, owner of Globacom, may have been
seeking 50% of South Africa’s Vodacom to make up
what may eventually be called ‘Vodaglo’. The
business tycoon whose investment in a Lagos –
London marine optical fibre is already in the
making is known to have vast investments in oil,
banking, real estate, and telecommunications.
Mr. Adenuga had to elope to Europe in the final
days of the Obasanjo regime on account of his
turning a cold shoulder to the former
President’s attempt to modify Nigeria’s
constitution so he could earn a third term in
office and perhaps eventually stay in power till
death. Obasanjo’s antigraft goons made an
attempt to put up Adenuga on trumped up charges
but he escaped with his two children into Europe
via Ghana.
When in the early days of his regime, President
Obasanjo schemed to find anyone who could front
for him to buy NITEL, his secret search party
hit at Mike Adenuga but Obasanjo who hails from
the same state of Ogun as the tycoon smacked his
secret search agents for bringing ‘that fast
boy’. While Adenuga made another route into
establishing his own telecommunication empire,
Obasanjo never backed out of his interest in
NITEL until his fronts destroyed the company.
Mike Adenuga sure has very good reason to have
his kind of ambition. He may not stop until he
owns a pan-African telecom outfit.
EDUCATION
30 'universities' declared as illegal
There are newspaper reports that the National
Universities Commission, NUC, has declared 30
institutions which claim to be Universities as
unapproved and therefore illegal.
Please click here to see the list of the
affected names
Nigeria retrains 4,000 teachers in IT
Information was revealed last week that
Nigeria’s high-grade InfoTech Training
Institute, Digital Bridge Institute (DBI), has
offered ICT appreciation training to more than
4,000 professors and lecturers from tertiary
institutions across the country.
Ernest Ndukwe, Executive Vice Chairman of NCC,
made this known in Lagos at the AFRITEC Forum
organized by ITWorld Magazine to discuss the
future of broadband infrastructure in Nigeria.
He said the training was offered to the
lecturers under the Digital Appreciation
Programme for Tertiary Institutions, ADAPT,
designed to equip lecturers with the basic
knowledge of computer skills and Internet
application knowledge to ensure they use these
facilities to teach and encourage their students
to use them whenever possible.
DBI is a creation of the Nigerian Communications
Commission.
Senate distrusts BPE on appointment of BNP
Paribas as Advisors
Senate Chairman on Communications, Senator
Sylvester Anyanwu, has charged that BPN Paribas
cannot be a worthy Consultant/Advisor to BPE on
the renewed move to find a core-investor for
NITEL. He claims to have good information on a
record of the Consultant who in the past did not
do a commendable work just as a good number of
its current staff were former executives of BPE.
A few weeks ago, a telecommunications consultant
had argued in Lagos that BPE has no reason not
to use local expertise since it is naturally
expected that it should have been pairing
foreign advisors with local experts in the past
efforts on NITEL. Titi Omo-Ettu, who picked
holes in various aspects of NITEL’s
re-privatization process, said investigation
reports on the past services of BPE’s advisors
showed that the Agency is both incompetent and
manifestly anti-Nigeria. In his words, ‘We
expect BPE to have been insisting that foreign
advisors partnered with indigenous expertise in
the past exercises. Could it be that Nigerians
who partnered with the foreigners in the past
can still not do the job? If they cannot,
Nigerians deserve to know who they are and they
should be able to say what their problems are.
It is not rocket-science to privatize NITEL. We
should have had enough of the waste we have
incurred on hiring these Advisors who produce
nothing but pains for us’
Siemens shuts down business in
Telecommunications;
Gets power contract in Nigeria
Siemens, a company which started operations some
161 years ago has now stopped operating as a
telecommunications company and sold its
telephone business to various vendors.
But it is in full gear at home in Germany in
railway, high-tech medical equipment and also in
power systems under which it signed a deal with
the Government of Nigeria a few days ago. The
Nigerian deal came under curious circumstances
as the Federal Government pretended to have
sacked the company from further business deals
last December. Several local newspapers are
asking questions on the unclear circumstances
under which the relationship was revived. But
government officials have so far applied the
military approach of keeping mum as if it owes
no obligation to the public on its decisions.
Chances are that it opens up as the heat keeps
mounting. Trust Nigerian newspapers and public
commentators for a good run.
In 1847, 31-yearold Werner von Siemens and an
engineer Johann Georg Halske started what became
a global brand in telecommunication equipment
vendoring. It made a late entry into Nigeria in
the mid-seventies to take crumbs of a
telecommunication contract which government gave
in large chunk to ITT. It eventually displaced
ITT by cooperating better with Nigerian
officials. It operated via representatives who
were regarded as corrupt but who found their
match in local counterparts. Government, for
unclear reasons, announced a sack of the company
in December 2007, following a flawed, apparently
diversionary accusation of Nigerian officials on
charges of bribe-giving and again restored
relationship with power projects to which
Siemens had diverted its attention since Nigeria
liberalized its telecom industry mid-nineties.
CyberschuulNews 302
ATCON signs on Consultants as partners for
COMBIT 2008
Association of Telecommunications Companies of
Nigeria, ATCON, has signed on three seasoned
events managers – Faces & Profiles Limited,
Exxcon Limited and TextServe Limited – as
consultants to its forthcoming International
Telecom Expo, ComBIT 2008, taking place in
Lagos. The Association says the Consultants are
already working with
it to ensure that the quality of the event is
significantly raised to higher standards.
INDUSTRY ALERT
Beware!
Incidents of Phone Hoax may increase.
There are indications that fraudsters who send
text messages to announce fake winnings and
attractive rewards may be on cyberprowl. It has
been moving across Africa in recent times and
chances are that it spreads. The technical team
of
Telecom Answers Associates progenitors of
Cyberschuulnews have received more than a few
enquiries on how the authors want to achieve
ends which in the opinion of the Consultants
must have originated from the minds of
tricksters. It is not impossible that the
authors of such requests are merely desiring to
increase the ingenuity and depth of their operation and
believing that the technical know-how certainly
resides with publishers of the e-magazine. There
is no clear evidence on which country the mails
originate and the Consultants are not really
interested in finding out.
What is important is to let the public know that
it is not safe to give out personal information
to whoever is making request for such by text
messages which purport generally to come from
telephone operators.
Although phone users may be tempted to blame
such problems on operators in the false belief
that their systems are insecure, this is not
true as all operators are open to such abuse
by fraudsters all round the world.
In South Africa last week Thato Ntai, forensic
administrator, MTN Forensic Service whose
company had faced the embarrassment during the
earlier week had to say ' We have had similar
scams recently. When you do receive such calls,
ask for some type of proof and take down their
phone number and their details, but do not give
them any personal details.”
Recently Nigerian officials woke up to the
reality of a need to record information about
users of all telephone services and that may be
the first step into stemming the tide of such
maladies. But that is coming after 57 million
telephone lines have been allocated to unknown
persons.
NEWS ANALYSIS
Nigerian commentators offer reasons why
‘TRANSCORP cannot manage NITEL’
One reason why Nigerians appear not to believe
in Transcorp as a genuine private sector company
let alone one to revive NITEL was recently
explained in Lagos.
Titi Omo-Ettu, a telecommunications engineer and
consultant, told a media audience recently that
the circumstance of establishment of a few
so-called private companies which were creations
of the Obasanjo government made it impossible
for many Nigerians to respect them as private
sector players.
According to him ‘You will observe that analysts
have contempt for the creation of Transcorp and
a few other companies which the expired
government created. That is because they
were really established with ulterior motives and we
knew it. Transcorp, Nigcomsat,. Galaxy Backbone
and a few others are not respected by informed
analysts as private sector companies even though they
bear such legal titles. We analysts, especially
those of my genre, do not normally get critical of
private companies since they are owned by
private investors and individuals. But we have
the right to, and we are, critical of government
owned companies since we are bona fide
shareholders and there is no AGM where we can
go to ask questions about our companies’
Transcorp is one such company which we shall
never agree is a genuine private sector player
because somebody wanted to take all of us for a
ride and use our collective commonwealth to
enrich himself. Now he has failed. And we thank
God He gave us the wisdom to manage that fellow to
failure ’
It is the contention of the engineer that having
been part of several advice study-groups to
government to stop creating private companies in
telecommunications after the NITEL debacle, he cannot possibly see
himself agreeing with any such creation which
has government shareholding no matter under what
pretensions. He promised to release a document
which goes by the title of ‘A file on NIGCOMSAT’
at the appropriate time ‘to enable Nigerians see
what evil went into the creation of such octopus
and potential drain pipes of our resources’.
NEWS
FROM OTHER LANDS
India makes a radical move on VoIP
India’s telecom regulator has recommended that
calls made over the Internet be allowed to be
received on telephones rather than just on
computers, a move that would increase
competition in the fast-growing telecom market.
The Telecom Regulatory Authority of India said
Internet telephony was quite popular, even
though the country has just 11 million Internet
subscribers compared with about 326 million
mobile and land-line phone connections.
At the moment, Government restricts direct
connectivity of Internet telephony with phone
lines. Internet telephony service providers
generally offer cheaper call rates, encouraging
businesses such as call centers to use their
services.
In Nigeria, the regulator, NCC, has
never restricted the use of technology in any
way and that makes it a model for other
administrations.
China or The Internet? Who
will blink first?
China is one place where right from the onset of
internet had been the world’s champion of
cyberspace censorship. What China does not want
on the internet is regarded as ‘nonsense’
officially and it
is to be blocked off.
Even as the International Olympic Games holds in
Beijing, China, the International Olympic
Committee pressured China to allow access to
blocked sites but the world was reminded that
the IOC had agreed to let China block them in
the first place. China is therefore not
yielding.
China seems to be telling those who believe that
free access to information is a key ingredient
for economies to thrive, reduces corruption,
makes governments more efficient and holds
corporate executives accountable, that they
should go say all that ‘in America and not
here’.
CyberschuulNews 301
TELECOM/IT
EVENTS
eNNOVATE : set to take e-governance to the Next
level
Nigeria’s highly rated Expo on technological
innovation, eNNOVATE will hold in Abuja on
September 23 and 24.
This year, the Expo will be examining the
relationship between technology on one hand and
leadership, governance and development on the
other. The theme also explains why the event is
moving out of its traditional base of Lagos to
Abuja where the federal government sits.
eNNOVATE normally unravels technological tools
and applications and this edition, according to
John Awe, the Project Director, beams light on
“technology tools which can help to make
governance more systematic, transparent and
consequently more effective.”
It is packaged by XLR8, a communications
consulting firm, with sponsorship of world class
technology driven firms including Cisco, MTN,
IBM, Nokia, Hewlett Packard, APC, Ecobank,
Starcomms, Reltel, Mtel, MTS and many more.
For more information, please contact
john.awe@xlr8.com.ng
FOR THE
RECORD
NEWS re-used
'We Are Focused on
Capturing African Market, says NigComSat'
The above
headline is borrowed.
It is the most attractive
of the headlines with which several newspapers
reported a recent media briefing by Nigcomsat
Ltd. Major newspapers reported during the week
what, in summary, amounts to a Nigcomsat’s
spokesman unveiling the challenges which the
company has been facing. The spokesman is
reported to have explained that NigComSat was
conceived to reduce the huge money spent by oil,
banking, Internet service providers and other
telecommunications operators in acquiring
bandwidth from international service providers
and to stem the tide of capital flight. It has
had difficulty in delivering its mandate largely
because 'stakeholders and the market had
misunderstood and misconstrued the intention of the organisation'.
So it is asking the public, industry, stakeholders
and the market for understanding.
Another nice
version of the report quoted the spokesman to
have said that Nigcomsat had made conscious
efforts to connect several government agencies
to the satellite grid but "their responses have
been very low, so 'in the interest of the
country', the organisation decided to enlist the
support of a multilateral organisation
especially to see its e-learning programme
through. That multilateral organization is
UNESCO.
A few days
earlier, the satellite service company had
celebrated its Agreement with a broadcasting
outfit in a deal to provide 'quality
communications' service in Nigeria and virtually
all newspapers in the land reported the story.
ELSEWHERE IN AFRICA
SEACOM
launch ready for June 2009
SEACOM, The
15,000km undersea cable linking east Africa to
Europe and Asia is now confirmed for launch in
June 2009, several months ahead of the 2010
World Cup which South Africa is hosting. The
company will begin laying cables in October this
year, while work on connecting sections of the
cable will start April 2009.
The cable
will provide 1.28Tbps of broadband capacity.
South Africa's second telco, Neotel, has secured
the rights to control the cable's use in South
Africa.
The project
is costing USD650 million and will be funded by
Nedbank Capital, a division of Nedbank and
Investec Bank. The Aga Khan Fund for Economic
Development has a 25% stake, as does Venfin. and
Herakles Telecom, while Convergence Partners and
the Shanduka Group each holds 12.5%.
| NEWS About NITEL |
| |
In 4 months, NITEL is
back, running!!
Kevin Caruso, the new CEO of NITEL who Transcorp hired recently
to put NITEL to shape says in four months time, a turnaround of
the company would be in the horizon.
Few weeks into his assuming
office, Caruso told an audience in Lagos 'We have studied the
network extensively. We know what needs to be fixed. And it is
not just a matter of fixing it but sustaining the tempo. We have
identified the black spots on the network, in the switches, in
the transmission and in the billing. Within three to four
months, we will get the network running.'
(CyberschuulNewsJoke
: Bydway,
do a web search on the name Kevin Caruso. You are likely to hit
at the profile of an electrical engineer turned pilot. You may
also hit at another who is both an engineer and magician. There
is also likely to be the various websites of the team of one
Kevin and another Caruso who are entertainers. It is
not known if any of these bears a relationship with the NITEL’s
edition. In four months time, it may be clear if indeed it is the
engineer/magician/entertainer that fades off somewhere and resurrects in Nigeria. Four
months is November by which time NITEL would have flown to very
high altitudes or Nigerians would have been thoroughly
entertained. Mark
you, Caruso talked of getting the 'network', not the 'business'
running. So
distinguished passengers, please fasten your seatbelts!!).
Pentascope Again!!!
Committee on Communications at the Upper Legislative House, The
Senate, says it will reopen the Pentascope file and review it.
Chairman, Senator Sylvester Anyanwu, who is still sounding very
angry about the Pentacope rip-off seems ready to commence
another probe of what went into and out of the Pentascope deal –
a management contract which took NITEL from the stretcher to the
mortuary all in 18 months.
NITEL is worth
$2.2billion.
A Lagos based Analyst says although the value of NITEL’s assets might
have plummeted, its true value is actually the worth of its
First National Operator’s License which has in no way devalued.
Titi Omo-Ettu, a telecommunications engineer and consultant told
a select media audience in Lagos that those who spent 8 years to
gradually devalue NITEL didn’t achieve their objective after all
because they were wrong to be rating NITEL as just any other
company down the road. ‘It is the First National Operator’, he
says, 'and that makes a world of difference. To value it is to
evaluate the worth of the license it is holding. In 1999 it was
$2.5billion, today it is $2.2billion. Not much of a devaluation.
Let no one bring some advisors to tell us bla bla bla and think
they can sell NITEL to themselves for a pittance. We shall ask
the Court to order that their Advisors' report be published for public
scrutiny. Enough of all this nonesense '
|
|