Telecom
NATCOM Offers $252m, Wins Bid for NITEL, Mtel
NATCOM Consortium, a special purpose vehicle has emerged the preferred for the Nigerian Telecommunications Limited (NITEL) and Nigerian Mobile Telecommunications Limited (Mtel), its mobile subsidiary after offering $252.5 million for the beleaguered national carrier.
The preferred bidder would however have to get the approval of Vice President Namadi Sambo chaired National Council on Privatisation (NCP) and must be able pay the sum within a specified time to seal the deal.
And if all the conditions are met, the transaction would mark an end to years of twists and turns in the attempt to privatize NITEL and Mtel.
At the opening of the bid Wednesday, NETTAG Consortium, the other firm that had been prequalified for the exercise, was disqualified for failure to enclose a bid bond stipulated by the Request for Proposal prepared by the Bureau of Public Enterprises (BPE).
The federal government had initially rejected a $221 million bid from NATCOM before the company increased the bid to $252 million.
NATCOM is an SPV formed for the purpose of acquisition of NITEL and M-Tel. The consortium is made up of shareholders – NATSPACE Telecommunication Investment Limited, PCCW Global Limited and Prime Union Investment Limited.
Other members of the consortium are Prime Union Investment Limited, Olutoyl Estate Development & Services Limited, Sahara Energy Resources Limited, Legal Resources Alliance & Co and LM Ericsson Nigeria Limited.
With the exception of LM Ericsson Nigeria Limited, all the other members of the consortium are equity holders with Prime Union and Olutoyl Estate holding 30 per cent equity each. LM Ericsson is a technical partner to the group.
Benjamin Dikki, director general , BPE at the event recalled that the reform and liberalisation of the Nigerian telecommunications sector has made tremendous success, however said that the privatisation of NITEL and Mtel has be unsuccessful.
He expressed hope that highest bidder would not only meet the deadline for payment of the purchase consideration, but would deploy the required resources to rehabilitate and grow the companies.
Mrs Omobola Johnson, minister of Communications Technology, also said the privatisation of these two companies would be a final step in the the reforms of the telecoms sector.
“The privatisation of NITEL and MTEL is the final step in the reform of the telecoms sector.
“It is our fervent hope that today’s event would lead to the final emergence of a qualified bidder with the requisite technical expertise and financial resources to transform the two companies in line with the vision of government,” she said.
Telecom
Telcos Record N27Bn Loss from Damaged Fibre Cables
Repairs and revenue losses from damaged cables are estimated to have cost Nigeria’s telecom industry almost N27bn ($23m) in 2023, according to documents obtained by Bloomberg.
MTN Nigeria, the biggest wireless operator in Africa’s most-populous nation, and Airtel Africa Plc bore the brunt of the costs, the documents show.
MTN suffered more than 6,000 cuts on its fiber cable last year, the documents show.
On Feb. 28, a cut in its network in three different locations by a road construction firm, an oil serving company, and someone burning rubbish in a manhole meant customers faced more than five hours of data and voice outages.
The operator relocated 2,500 kilometers (1,553 miles) of vulnerable fiber cables between 2022 and 2023, at a cost of more than N11bn —enough to build 870 kilometers of new fiber lines in areas without coverage.
Broadband fibre optic cables form the backbone of modern communication infrastructure, enabling the high-speed data transmission that underpins a wide range of personal, business, and societal activities.
On several occasions, the Nigerian Communications Commission (NCC), the industry regulator, has acknowledged this challenge and expressed willingness to work on measures to address it.
These measures include stricter regulations to deter vandalism and improved collaboration between telcos and government agencies responsible for construction activities.
According to the NCC, the telecom sector will make up more than a fifth of the country’s gross domestic product by the end of 2027, up from 13.5 per cent in the third quarter of last year.
Telecom
NCAIR Relaunch: Pantami, Tijani Fight for Credit
Isa Pantami, former minister of Communications and Digital Economy, has voiced his discontent over the relaunch of the National Centre for Artificial Intelligence and Robotics (NCAIR) by Bosun Tijani, his successor.
Tijani announced the revitalization of NCAIR, highlighting enhancements in its capacity and partnerships with global tech firm Cisco.
However, Pantami took to social media to assert that NCAIR was already established during his tenure in November 2020, dubbing it “the first of its kind in Africa” and emphasizing its effectiveness in training numerous Nigerians.
Tijani responded by detailing the new initiatives accompanying the relaunch, including increased computing infrastructure, dedicated research labs, and remote connectivity for AI hubs across the country. He also unveiled outcomes from the Ministry’s National AI Workshop, such as the country’s first Multilingual Large Language Model and partnerships aimed at accelerating AI development projects of national significance.
The exchange between Pantami and Tijani underscores ongoing efforts to advance AI research and application in Nigeria while navigating questions of continuity and leadership transition within the Ministry.
Telecom
ABoICT Lecture 2024 to Focus on Artificial Intelligence (AI) In A Digital Economy
This year’s Africa’s Beacon of ICT Merit and Leadership lecture will focus on the role of artificial intelligence in a digital economy with the theme: “Artificial Intelligence (AI): The Good, The Complex and The Anticipated”.
The lecture which will herald Africa’s Beacon of ICT Merit and Leadership Awards hold on May 25, 2024 at Four Points by Sheraton.
The sixteenth edition of the award ceremony according Ken Nwogbo, editor-in-chief of Nigeria CommunicationsWeek the organizers of the event, “is a special edition to recognize and celebrate organizations and individuals in the ICT industry that have been distinguished in delivery innovative services in the sector.
“Most of these organizations and individuals have consistently being voted by our readers as leaders in their areas of operations and we have decided to reward them in this especial edition”.
He added that, AI is considered to have the potential to instigate a fourth industrial revolution,1 and is dramatically changing people’s patterns of interaction and economic activities.
“The traditional factors of production and physical capital and labour may no longer promote substantial economic growth. It is generally believed that AI will be one of the most important factors determining future economic growth.
“However, unlike traditional machines, which replaced the use of human and animal labor for simple manual work and heavy or dangerous activities, AI-related inputs may change the type of human work in a comprehensive way.
“In contrast to previous industrial revolutions, AI does not simply involve the invention of a new machine or technology. Instead, AI has similarities to the accumulation of human capital, as it can learn and accumulate knowledge by itself,” he said.
The Africa’s Beacon of ICT Merit and Leadership Distinguished Lecture is designed to explore efforts to put Nigeria on the global Information and Communications Technologies map.
The lecture series however is reserved for distinguished achievers in the ICT sector.
Past lecturers included Dr. Ernest Ndukwe, then executive vice chairman, Nigeria Communications Commission (NCC); Engr. Yomi Bolarinwa, former Director-General of National Broadcasting Commission (NBC); Dr. Jean Luc Fort, CEO at OR System France and a specialist in Counterparty Risk; and Professor Chris Nwagboso, Chairman, Knowledge Factory International, United Kingdom.
Others are: Uche Orji, managing director/chief executive officer, Nigeria Sovereign Investment Authority (NSIA); Biodu Omoniyi, Managing Director/CEO, VDT Communications; Ayotunde Coker, Managing Director, Rack Centre Limited; Peter Adedayo Arogundade, managing director and chief executive officer, Sidmach Technologies Nigeria Limited; Dr. Adewale Obadare, chief visionary officer, Digital Encode and John Obaro, CEO and founder of Systemspecs; Prof. Isa Pantanmi, minister of Communications and Digital Economy; among others.
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