We have 2m sub­scribers in Nigeria - StarTimes

Daily Trust - - BUSINESS - From Romoke W. Ah­mad in Bei­jing, China

The StarTimes Group yes­ter­day an­nounced that it has two mil­lion sub­scribers in Nigeria out of the to­tal four mil­lion in the whole of Africa, mak­ing Nigeria the big­gest mar­ket for the group in the con­ti­nent.

The group also dis­closed that it has of­fices in 23 African coun­tries and op­er­at­ing li­censes from 11 of those coun­tries with 4000 em­ploy­ees out which 95 per­cent are Africans.

Nigeria is also said to be the big­gest coun­try where their project de­vel­oped and third Africa coun­try they will have in­vest­ment in af­ter South Africa and Guinea.

The Vice Pres­i­dent, StarTimes Group, Gou Ziqi, made the dis­clo­sure yes­ter­day at the head­quar­ters of the com­pany in Bei­jing, China, dur­ing a meet­ing with a group of jour­nal­ists from Africa.

“Our in­vest­ment in Africa for 2013 is $400m with Nigeria tak­ing half of it. Nigeria also ac­counted for two mil­lion sub­scribers out of the four mil­lion we have across Africa,” Ziqi said.

She added that the com­pany is plan­ning to cover all African cities by the end of 2015 by pro­vid­ing an af­ford­able dig­i­tal tele­vi­sion ser­vice to ev­ery home in the con­ti­nent.

“We had to­tal con­tract value that our in­vest­ment in Africa will ex­ceed $1,700m be­tween 2012 and 2013 but we got $400m. We are now hop­ing and tar­get­ing $1.2bn in­vest­ment in the con­ti­nent by the end of 2015,” she said.

PHOTO:

Dis­en­gaged work­ers of de­funct Rivers State Oil Palm Plan­ta­tion ( RISONPALM ) Ltd, protest­ing over the non-pay­ment of their out­stand­ing pen­sion and gra­tu­ity in Port Har­court yes­ter­day. NAN

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