Lagos - Burdened by heavy losses and their inability to access sufficient funds, no fewer than 15 licenced telecoms companies are in the process of closing shops.
Many of the affected company have not added a single subscriber to their networks since 2012, reports Leadership.
Most affected are mobile Code Division Multiple Access (CDMA) operators, who have continued to experience consistent decline in their subscribers’’ base.
CDMA operators who did not add a single subscriber to their network throughout 2013 include Starcomms Limited, Multilinks Telkom, Reliance Telecoms (Zoom),Intercellular Nigeria Limited, VGC Communications which is owned by MTN, MTS 1st Communications, Disc Communications, WiTEL and O’Net (Odua Telecom).
Read more at Leadership.
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