A multinational technology and networking services and equipment company, Ericsson, has expressed interest in investing in Nigeria’s broadband market and is ready to deploy broadband to unserved and underserved areas.
The Ericsson team, led by the Head of Government and Industry Relations, Ericsson Group, Shitlesi Makkhofane and Peter Olusoji of Ericsson Nigeria, disclosed this during a courtesy visit to the Nigerian Communications Commission (NCC).
According to Makkhofane, Ericsson had studied the Nigerian telecom market and speculated that the vast potential of the market was yet to be fully harnessed.
The Ericsson Group also said it was going to deploy the latest innovative technology to the country, with emphasis on availability, accessibility and affordability of broadband, The Punch reported.
The team promised to seek clarifications requirements for few businesses as it concerns certain equipment considering its interest exploring the realities of the Internet of Things and 5G networks.
The Ericsson team also said the company will provide data management services and cybersecurity solutions to enable network interoperability and traceability to check the use of cloned devices that pose threat to security.
However, the Ericsson team expressed its fears over a shortage of foreign exchange and its implications for the development of telecommunications infrastructure and market.
The Executive Commissioner (Stakeholder Management), NCC, Sunday Dare, said the Commission appreciates Ericsson’s visit including its knowledge and interest in the Nigerian telecom ecosystem.
He said the Commission is delighted at the issues raised by the Ericsson team and promised them NCC’s readiness to meet up with the expectations of foreign investors.
Dare assured the team that their interest and concerns would be conveyed to the Executive Vice Chairman/CEO of the commission, Prof. Umar Danbatta, for management’s consideration and necessary action.