Friday, 3 December 2010

Etisalat Nigeria buys local firm with 3G licence | Reuters

The Nigerian arm of UAE-based Etisalat said on Thursday it had bought a local telecoms firm with a 3G licence to help it develop its data and broadband services and compete with other GSM operators.

Nigeria is one of the world's fastest growing mobile markets, and Etisalat faces stiff competition from South Africa's MTN Group, India's Bharti Airtel and local rival Globacom, all of which already operate 3G services.

The Gulf's number two telecoms group said the acquisition of Alheri Mobile Services Ltd would enable Etisalat Nigeria to better compete with its main rivals in Africa's most populous nation, home to more than 140 million people.

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