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Nigeria Telecommunications Report Q1 2008Product Type: Market Research ReportPublished by: Business Monitor International Published: February 2008 Product Code: R302-1850 Description As ever, mobile remains the dominant story in Nigeria’s telecoms market. In the first nine months of2007, the country’s four mobile operators - MTN, Globacom, Celtel and M-Tel - added over 7mn netadditions to take the market total to almost 37mn subscribers. Given this robust growth, we believe thatthe mobile sector will have comfortably met our year-end target of 39.4mn, taking mobile penetration toalmost 30%. A number of major contract announcements prove that operators are still in full expansionmode, with MTN securing a US$2bn loan to fund its network development over the next five years.Table of Contents
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