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Starcomms plans $400 million investment for CDMA network (Nigeria)

  • July 21st, 2008
  • 2:53 pm

Starcomms, Nigerian CDMA operator, has announced plans to spend at least US$400 million over the next year to expand its network.

The company has set itself a target of reaching 2.5 million subscribers by the end of this year, rising to 5 million by the end of next year and a ten fold jump to 50 million by 2011.

Starcomms says that it expects to start dividend payments to its shareholders in 2010, once it has completed the current phase of network expansion. The network is currently available in 14 major Nigerian cities namely Lagos, Ibadan, Kano, Maiduguri, Port Harcourt, Onitsha, Aba, Asaba, Kaduna, Benin and Zaria while preparations are in progress to put more cities on air this year

The company is thought to have ended the first quarter with some 460,000 subscribers, although that is understood to have jumped sharply to 1.6 million at the end of June, according to statements from the company’s CEO.

   

Starcomms expanding network (Nigeria)

  • July 10th, 2007
  • 11:55 am

Nigerian CDMA fixed-wireless operator Starcomms, one of the first recipients of a unified service licence in May 2006, has announced that in the next few weeks it will be launching services in the cities of Abuja, Onitsha, Aba, Asaba, Kaduna, Abeokuta and Zaria. The telco’s network is currently operational in Lagos, Ibadan, Kano, Maiduguri and Port Harcourt, serving around 500,000 subscribers. CEO Maher Qubain said that the company had so far this year invested more than USD150 million in its infrastructure, with a further USD50 million to come to expand coverage to 30 cities and upgrade the network to 1xEV-DO Rev A technology.