Nigerian operator Visafone signs one millionth customer

Nigerian operator Visafone claims to have signed up its one-millionth subscriber, six months after launching.

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By  George Bevir Published  September 6, 2008

Nigerian operator Visafone claims to have signed up its one-millionth subscriber, six months after launching.

Visafone, which started operations in February this year in 12 states across Nigeria, claims to offer the lowest on-net call charges and SMS texts of all mobile networks in the African country.

In March 2008, a consortium of banks provided a syndicated loan of $250 million to Visafone. Three months later, the network’s coverage grew to 16 states, with one million subscribers signed by last month.

Visafone still has some way to go to catch up with the larger operators in Nigeria; in June, MTN claimed to have 18.5 million customers, while Zain said it had 14.8 million subscribers.

According to Nigerian Communications Commission (NCC), subscriber rates in Nigeria rose from 42.9 million in January to 49.6 million at the end of June 2008, placing Nigeria ahead of South Africa as the country with the most mobile subscribers in Africa.

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