Visafone to plough billions into Nigeria

MOBILE

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Image: Visafone Chairman Jim Ovia. By BiztechAfrica
Visafone Chairman Jim Ovia

Visafone says it will invest billions of Naira into Nigeria’s into its Nigerian mobile broadband infrastructure.

Speaking at the company’s fourth anniversary celebrations in Lagos, Visafone founder and chairman Jim Ovia said the number of internet users in Nigeria was set to pass the 70 million mark in 2015, with wireless broadband services expected to be worth N600 billion by that stage.

He said Visafone was preparing to ride this wave of growth by investing heavily in its infrastructure and rolling out LTE technology.

The first phase of this network improvement would be a USD20 million capacity upgrade of its Lagos infrastructure, Ovia said.



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