BMI View: After a wave of regulatory penalties, including fines and a ban on promotions, Nigeria’s mobile operators have announced plans to expand and upgrade their networks to cope with strong subscriptions growth and increasing data usage. BMI expects this trend to continue over the medium term as the market is forecast to add around 45mn new subscribers in the five years to 2017. Meanwhile, consolidation and, subsequently, transition to LTE technology appears to be a growing trend among tier two telecoms service providers in Nigeria. BMI sees this as a positive development as, through consolidation, tier-two operators are able …
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