Connect with us

Telecom

Smile Communications Embroiled in Claims, Counters over $125m Loan

Published

on

Smile Communications Nigeria Limited is embroiled in claims and counters over the $125 million loan it obtained from Afrexim Bank, and routed the loan through a local bank, Diamond Bank.

 

A newspaper report claimed that the broadband company defaulted in the repayment of the facility obtained to help fund the company’s infrastructure expansion plans.

 

The newspaper citing sources reported that the loan was structured so that it could be disbursed in tranches based on the attainment of critical milestones, including certain increases in active subscriber numbers.

 

While some tranches have so far been released, Diamond Bank is wary of releasing the last tranche of the $125 million loan to Smile Communications, given its poor default on the loan repayment terms.

 

The bank is now faced with the dilemma that withholding the balance of the loan could jeopardise Smile’s operations, while on the other hand, disbursing the entire loan could increase its exposure to the telecoms firm.

 

The Smile Communications however claimed that it has never defaulted on any of its loan obligations adding that the story was an attempt to derail the ongoing investigative hearing on the 9mobile acquisition bid process currently ongoing at the House

 

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Continue Reading
Advertisement
Comments

Telecom

Glo Unveils Smartphone Festival, Offers Customers Freebies

Published

on

Globacom has unveiled an initiative tagged Smartphone Festival aimed at giving unbeatable value to its customers who desire to own various categories of smartphones.

The company is making the offer in partnership with original equipment manufacturers (OEMs), including Samsung, Nokia, Huawei, Infinix and Techno, among others.

With the Smartphone Festival, Glo customers will be able to get smartphones of their choice at the best price from any Gloworld shop across Nigeria.

In addition, each smartphone purchase will come with six months of free data, extended warranty, screen guards, memory cards and phone covers, among many other freebies.

Globacom said customers will also be entitled to free recharge card or voice bundle on every purchase just as they will enjoy personal attention and first-class customer care service.

A statement from Globacom’s head office said the offer was conceived as a way of encouraging numerous customers to own smartphones of their choice so as to be able to harness the immense benefits inherent in the communication tool.

“The offer is consistent with our commitment to meeting and exceeding our customers’ expectations,” the company said.

Smartphone Festival will hold every two months and will last for 15 days. Globacom customers who wish to avail themselves of this offer are required to walk into any of the company’s retail outlets nationwide to pick any smartphone of their choice.

Continue Reading

Telecom

Reps Commend NCC for Tackling Call Masking

Published

on

House of Representatives Committee on Financial Crimes has expressed its satisfaction with the measures so far taken by the Nigerian Communications Commission (NCC) with a view to curbing the menace of call masking and refiling in the country,

 

This is coming as the NCC vowed to deploy a technological solution that will enable tracking of SIM boxes used to perpetuate the fraud.

 

Speaking while leading other members of the committee to a high-level meeting at the Headquarters of the Commission yesterday in Abuja, Mr Kayode Oladele, Chairman, expressed concerns on the dangers portend by the menace of call masking in the country.

 

The committee would later listen to presentations on the complex problem from top echelon staff of the regulator led by Prof Umar Garba Danbatta, executive vice chairman of the NCC.

 

“Within a very short time we are very impressed by the responses and I wish Nigerians could be told about what we have done here today. Many people feel that nothing has been done whereas so much has been done, except that if you ask me what we have achieved today I will say that I am leaving here more confused because the problem is bigger than what we thought,” said Oladele at the end of the meeting.

 

Earlier, the NCC boss had told the committee that the menace is not peculiar to Nigeria’s telecom industry alone and the agency had already assembled its finest technical brains to select the best technology solution to be deployed for detecting SIM boxes used by the perpetrators in the country.

 

“When we notice a phenomenon which is anticompetitive or undermining the security of the land we promptly take actions. In this regard, we have taken some steps to ensure that operators licensed by the commission abstain from the act. And we noticed an anecdotal improvement as the numbers came down reasonably. Yet all of a sudden we have an additional dimension, SIM boxing.  These are electronic boxes with a capacity to receive and transmit calls.

 

“We are at a loss how these items of equipment find their way into this country because we don’t type-approve them, and we couldn’t have type-approved them. It’s illegal to bring SIM boxes into the country,” he pointed out.

 

According to him, other African countries bedeviled by the same menace of call masking have successfully used technology solutions to tackle it, adding that the commission would soon speed up its procurement process to ensure its deployment in Nigeria.

 

Speaking further, the NCC boss said that the regulator had to resort to taking administrative sanctions on operators including the recall of redundant numbers to ensure that they were not used in undermining the security of the land, among other several measures taken to nip the crisis in the bud.

Continue Reading

Telecom

Nigeria Nominates Dr. Hussani For Africa Telecom Union Secretary General

Published

on

The federal government of Nigeria has fielded Dr. Abubakar Sadiq Hussani as its candidate for the position of secretary-general of the African Telecommunications Union (ATU) in the forthcoming ATU Plenipoteniary Conference holding August 16-17, 2018 in Nairobi, Kenya.

In the last one week, Nigeria signified its interest to compete for the exalted position of the Secretary General of the Africa Telecom Union (ATU), the African teleocm body for the period 2019 to 2022 through a diplomatic note verbale  No. A.90/2018 dated 13th July 2018 sent by the federal government and published by the ATU on its webpage, among other documents acknowledged via a Note-by-the Secretary-General Ref 079/07/ATU/SG-2018 dated 17th August 2018.

Dr Abubakar Sadiq Hussani, a former assistant professor of telecom engineering, Modibbo Adama University of Technology, Yola,  and the current head of department of telecommunications and wireless technologies of the American University of Nigeria as well as head of programme for the 54-member British Commonwealth ITU Group (CIG). He was proposed by Nigeria as its candidate for the August contest.

The diplomatic document stated that Dr Hussaini possesses a great wealth of experience in telecommunications which are necessary attributes to hold the prestigious office on the continental level.

At the close of nominations on July 17, 2018 only four countries have signified their interest to field candidates for the contest in line with the ATU circular Ref. 06/01/ATU-CIR/2018 of 16th January 2018. The remaining three are Burundi, Congo Brazaville and Kenya who fielded Mr Constaque Hakizimana, Dr Eric Ndoumba, and Mr John Omo respectively.

Three of the four candidates are accomplished telecoms Engineers while the Kenyan Candidate Mr Omo is a Lawyer. Glancing through the CVs of candidates, if the election is to be determined in terms of technical and cognate experience of managing international organizations, Dr Hussaini of Nigeria stands a very good chance.

Continue Reading

Trending

Copyright © 2017 Communication Week Media Limited.