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Listing of telecoms companies on NSE will protect infrastructure

05 June 2014, 19:04

Lagos, The Association of Telecommunications Companies of Nigeria (ATCON)  has said the listing of telecoms companies on the Nigerian Stock Exchange (NSE) would help to save their infrastructure.

The President of ATCON, Lanre Ajayi, told newsmen in Lagos that it was a good idea for such companies to be listed, as it would make more people part owners of the firms.

Ajayi said that such a development would be mutually beneficial to both the existing investors and the Nigerian people.

"When you own a company, no matter how tiny the part of the company you own, you feel a sense of protection for that company.

"So, when more Nigerians begin to own the companies, they will be tempted to protect those companies.
Maybe it may even impact more in the area of infrastructure protection.

"If you have a share in one telecoms company and you notice vandals destroying the property of that company, chances are that you will be more inclined to intervene,’’ he said.

He, however, said that telecoms companies should not be forced to get listed on the NSE.

According to him, it will be more effective if they voluntarily did, for the benefit of the companies and their operating environment.

"There is no point compelling people to get more investors, but if they see some value in it and they list them, it is a better option,’’ he said.

-       NAN

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