Visafone invests in upgrade, expansion of data networks

26 Jan 2012

To cope with surging demand for data services, Nigerian CDMA operator Visafone Communications plans to spend ‘billions of naira’ on the upgrade and expansion of its network, Bloomberg cites the company’s CEO Sailesh Iyer as saying. Work will begin with a USD20 million expansion of Visafone’s broadband infrastructure in Lagos, to be carried out by China’s Huawei Technologies. Iyer said that the company plans to upgrade networks in other parts of the country later this year. As well as the upgrade of its infrastructure, Visafone plans to expand its services from 26 to 36 states and hopes to increase subscribers ‘to ten million from 3.5 million within three years, with the cost of expansion running into billions of naira,’ Iyer said, without stating exactly how much the full upgrade would cost.

Nigeria, Visafone Communications