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Telco raises funds to boost Nigeria LTE service

08 March 2016, 21:37

Lagos – Local mobile subscribers are set to benefit from faster connections following a financial breakthrough by a network operator.

Smile Telecoms Holdings Ltd, disclosed it had raised US$365 million of debt and equity funding, the first tranche of which has been applied to significantly expand Smile’s existing 4G Long Term Evolution mobile broadband networks.

Subsequently, subscribers are poised to benefit from of two first-to-market services, namely SmileVoice and SmileUnlimited.

This has been introduced in Nigeria, Tanzania and Uganda, with coverage in the Democratic Republic of Congo to be announced soon.

Also read: 65 private refineries get Buhari's approval 

Irene Charnley, Smile Group’s Chief Executive Officer, said the introduction of SmileVoice and SmileUnlimited, demonstrated their commitment to the advancement of the people of Africa.

“As the pioneers of SuperFast mobile broadband on the continent, we understand the direct correlation of broadband penetration to the creation of wealth and the acceleration of development, and we are expending huge resources to make SuperFast internet access and SuperClear voice available across all our markets.”

Smile made its first Voice-over-LTE calls in Nigeria during beta-testing in October 2015.

Charnley said the feedback from existing customers since the soft-launch early February had been positive.

“Thousands of our customers now make national and international voice calls using their data bundles,” she said about the Nigerian market.

- CAJ News


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