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Tracking Nigeria's Headline Business News Online


Nationwide 4G LTE’ll soar e-commerce, ease of doing business

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More Information and Communications Technology (ICT) experts have agreed that as 4G LTE begins to take root; e-Commerce activities will grow to greater heights in the country leading to more financial inclusion.

For instance, since the advent of MTN’s Y’ello Mobile banking platform with Diamond bank, MTN has shown the endless possibilities in creating products that help achieve a smarter lifestyle via ease of financial transactions.

Already, MTN has said that its 4G LTE service is designed to enable higher productivity in mobile banking experience on the network across all connected parties, stressing that transactions will not only be faster but more reliable.

Just like EE did in the UK back in 2010; the telecommunications firm said is pushing the envelope farthest in Nigeria. Keeping with the Rugby analogy, the firm will push the ball over the line with their impending 4G LTE launch.

MTN Nigeria Chief Executive Officer, Ferdi Moolman, said with the 2.6 GHz band, the company will roll out immediately to provide the full range of LTE services to Nigerians, empowering Nigeria with the latest mobile broadband technology.

Again one of the reasons the MTN 4G LTE offering is exciting is how flexible it is said to be. Speaking after winning the 2.6GHZ broadband licence, Moolman said, “We are very pleased with this development at this time, which is a further step in the right direction for Nigeria.

“Indeed, MTN is fully aligned and supports the NCC’s objective to deliver broadband services to present and future generations of subscribers, in line with the National Broadband Plan of 2013,” Moolman said.

He added that the license acquisition further demonstrates MTN’s abiding faith in the future of Nigeria and the resilience of the Nigerian economy. MTN continues to believe in Nigeria and we have expressed this belief in the level of our investment, which currently stands at approximately $15 billion and counting.

“Our subscribers, especially those in clustered areas such as the major cities, can expect distinct improvements in browsing speed, quality and experience, including fast access to high definition video streaming, as well as conferencing and calling, lag-free music streaming, and improved data uploads and downloads,” he said.

Experts agreed that the only possible sticking point is the need for subscribers to swap their existing SIM-cards for LTE-ready ones that MTN calls “U SIMS.” The telecoms operator said the first experience of its 4G LTE would be in Lagos, Abuja, Port Harcourt cities. Interestingly, the company has invested N18 billion to acquire the 2.6GHz spectrum and has started the process of listing MTN Nigeria on the Nigerian Stock Exchange.


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