Etisalat network investment tops USD2bn

23 Oct 2009

Nigerian mobile operator Etisalat Nigeria has spent over USD2 billion on the rollout of its GSM network in the year since the cellco launched operations, Daily Trust reports, citing the company’s chairman Hakeem Belo Osagie. Etisalat has constructed over 500 active cell sites nationwide, providing coverage to around 40% of the population. According to TeleGeography’s GlobalComms database, Etisalat’s network was launched commercially in seven cities in November 2008 and by the end of the year had just under 400,000 subscribers, boosted by its offer of free network-to-network calls for a six-month period. According to the company’s chairman, Etisalat’s mobile subscriber base currently stands at over two million.