Benin’s newest wireless licensee Globacom (Glo) is launching GSM services today. President Boni Yayi of Benin Republic is expected to lead a team of dignitaries and other stakeholders to the launch. Globacom is deploying its network across the West African country, covering major cities including Cotonou, Porto Novo, Abomey and Parakou towns, rural villages and communities.
Globacom is Nigeria’s second national operator (SNO), and was awarded licences to provide GSM, fixed voice, data and long-distance telephony services in Nigeria in August 2002, for which it paid USD200 million. The company became the fastest growing mobile operator in the country, signing up a million subscribers in the first nine months of operations, and claimed in excess of twelve million mobile customers by the end of 2007. Globacom is majority owned by Nigerian petrochemical firm Conpetro, which is itself owned by entrepreneur Mike Adenuga. The company is 100%-owned by Nigerian investors.