Just Published: "Nigeria Telecommunications Report Q1 2015"

Airtel's decision to sell its cell towers in Nigeria to ATC will increase competition and raise the prospects of consolidation in the local towers market The Airtel-ATC deal comes after rivals MTN and Etisalat reached separate agreements with independent tower firm IHS Towers for the majority of their respective tower assets. Given these developments, we reiterate our view that Globacom (Glo), the only remaining major operator in the country yet to announce a tower outsourcing strategy, will have to move quickly in the same direction to avoid lagging behind in the area of operational efficiency, which would impact on competitiveness in terms of service quality and pricing.

Key Data

* Mobile subscriptions grew by 1.3% quarter-on-quarter (q-o-q) in Q314, bringing total growth in the 12 months to September 2014 to 11.3%.
* Mobile ARPU was flat in Q314.
* The fixed-line sector grew by 4.6% in Q314 and 14.3% in the 12 months to September 2014. This was the fourth consecutive quarter of positive growth.
* The number of mobile data users grew by more than 31% in the 12 months to September 2014 to account for just over half of total mobile subscriptions.

Full Report Details at
- http://www.fastmr.com/prod/938428_nigeria_telecommunications_report_q1_2015.aspx?afid=301

Risk/Reward Ratings

Nigeria dropped one place to second position on BMI's Q1 2015 Risk/Reward Ratings (RRR) for Sub-Saharan Africa. Nigeria's aggregate score of 53.7 out of a possible 100 was marginally less than an aggregate score 54.0 recorded in the previous quarter. Nigeria retains a comparatively high Industry Rewards, Industry Risk and Country Risk scores, reflecting high voice and data services growth potential, regulatory independence and strong private consumption growth outlook. However, Nigeria's Country Rewards score is held back by a low GDP per capita and high unemployment rate.

Key Trends And Developments

Airtel announced on November 24 2014 that it has selected American Tower Corp. (ATC) as the successful bidder for its towers infrastructure in Nigeria. Airtel will...

The Nigeria Telecommunications Report features Business Monitor International (BMI)'s independent industry forecasts on the future strength of Nigeria's ICT market, covering the fixed-line, mobile and internet segments and analyses latest regulatory developments and corporate news, including investment activity, mergers and acquisitions, joint ventures and partnerships. Leading operators and manufacturers are fully profiled, highlighting their quarterly financial performance, capital expenditure plans and latest contracts.

BMI's Nigeria Telecommunications Report provides industry professionals and researchers, operators, equipment suppliers and vendors, corporate and financial services analysts and regulatory bodies with independent forecasts and competitive intelligence on the telecoms industry in Nigeria.

Key Benefits

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