Megatech plans USD500 million investment in CDMA network

18 Mar 2009

Nigerian telecoms operator Megatech Networks has announced it plans to invest USD500 million to roll out a CDMA-based network in 23 of the country’s 36 states. The Nigerian Communications Commission (NCC) awarded a unified access licence to the company late last week, which also allows for the provision of 3G services. Megatech, which before now operated solely as a regional fixed-wireless operator, has already signed a rollout contract with Chinese equipment vendor ZTE, estimated at over USD100 million. Chairman of the company, Alhaji Aliyu Abubakar, said: ‘Megatech will deploy high quality mobile, voice and data services nationwide. We have already signed the contract with ZTE. The first call on the network will be made by the end of March.’ Services are expected to be launched commercially before mid-2009.