NIGERIAN GOVERNMENT TARGETS $1BN FROM BROADCAST FREQUENCY SALE
The federal government of Nigeria has set out plans to raise at least $1 billion from the sale of broadcast frequency to its incumbent telecoms providers.
The African nation is set to move from analogue to digital broadcasting by June 2017, with plans to transit the analogue spectrum into telecoms services.
Globacom recently became the third mobile network, behind ntel and MTN, to upgrade and launch 4G-LTE in Nigeria. Some local reports also claim that Etisalat will soon be upgrading its network.