By Victor Ernest with agency report
The Association of Licensed Telecommunications Operators of Nigeria says 21 telecommunications operators have gone into extinction in the country in the last 10 years.
The association’s Chairman, Gbenga Adebayo, made this known during the ”Broadband Summit 2017”, organised by Businessday Media Ltd., on Friday in Lagos.
Adebayo explained that the operators businesses went under due to the economic and operational challenges inherent in the industry.
He stated that as at 2006, ALTON had 35 members, but from 2007 to date, its members had reduced to 14.
According to him, if care is not taken, more service providers might still close shop before the end of the year.
The ALTON Chairman noted that the operators which had exited the Nigerian telecommunications space include Multilinks, Starcomms and O’Net.
”The economic challenges include poor power generation, multiple taxation, exorbitant Right of Way levies, insecurity and over-regulation among others.
”The operational issues are anti-competition and lack of fund to roll out.”