Report: Telecoms Remains Resilient Amid Regulatory Challenges, COVID-19 Pandemic

A recent report released by Agusto and Co, has placed the telecommunications sector as the most resilient sector, despite regulatory challenges and COVID-19 effect in the last two years.

The 2021 report provides a comprehensive view of the industry including the impact of the macroeconomic environment and COVID-19 on the industry’s performance.

The report covers recent developments in the regulatory environment and the attendant impact on the competitive landscape. Agusto and Co’s 2021 telecommunications report highlights key risks and challenges of the industry and provides a SWOT analysis, covering Strengths, Weaknesses, Opportunities and Threats (SWOT).

In the area of smartphone revolution, report said the use of mobile phones grew exponentially due to the smart phone revolution, a continuous upgrade of network infrastructure and improving quality of service.

It explained that the latest technology – the Fifth Generation (5G), despite launch drawbacks due to the COVID-19 pandemic, became commercially available in about 40 countries so far including Kenya and South Africa.

Agusto and Co, in the report, expects that the 5G technology will be commercially available in Nigeria by mid-2022.

It cited the International Telecommunications Union (ITU), which earlier said that global mobile phone subscriptions were expected to grow from 8.2 billion in 2020 to about 10 billion by 2025, driven by increasing affordability of smartphones and accelerating technological adoption in sub-Saharan Africa. The report said growth in the use of mobile phones should also be supported by population growth in the Asia-Pacific continent.