Phase3 Telecom Invests $110m on Broadband

Phase3 Telecom , a leading fibre optic network company, has said it has so far invested $110 million to enable broadband to get to the underserved and unserved areas of the country.

Mr Ajibade Momolosho, the company’s Director of Engineering was quoted to have said in a statement  that  between now and 2016,  some $68 million more will be invested in broadband development even as he said that the company would be expanding its business frontiers to Accra and Senegal in the next one year and half

He also stated that the company has so far deployed 4500km of fibre optic network. On its mandate which is to be West Africa’s IP backbone, he maintained that Phase3 Telecom has contributed immensely to the development of the telecommunications industry in Nigeria so far in its ten years of existence.

“Five years ago, we didn’t have the kind of infrastructure in place, but phase3 provided the backbone at that time. It was a major contribution. We are key to the expansion of mobile network,” he said