MTNNG: Telecom Industry Warns of Industry Collapse

TECH DIGEST – The Nigerian telecommunications sector is facing a crisis, according to industry leaders. Rising inflation, forex devaluation, and unsustainable service tariffs are pushing the industry to the brink of stagnation.

MTN Nigeria CEO, Karl Toriola, warned of the sector’s precarious position at a recent telecom investment forum. He emphasized the need for urgent government intervention and price adjustments to prevent industry collapse.

Toriola and Airtel Nigeria CEO, Carl Cruz, both highlighted the escalating costs of infrastructure maintenance and operations. They echoed the concerns of the Association of Licensed Telecommunication Operators of Nigeria (ALTON),which has called for tariff increases to ensure industry sustainability.

Despite the industry’s plea for tariff adjustments, the Nigerian Communications Commission (NCC) and the Ministry of Communications, Innovation, and Digital Economy have yet to respond, citing concerns about consumer impact and potential barriers to expanding access.

The telecommunications industry’s financial health is seen as crucial for Nigeria’s overall economic development. The sector’s ability to invest in infrastructure and drive innovation is directly impacted by its profitability.

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TECHDIGEST: MTN asserts that thorough testing of 5G with Apple enables them to provide their subscribers the advantages of 5G via the new iPhone.
The CEO of MTN, Karl Olutokun Toriola, said on LinkedIn on Monday that mobile subscribers who own an iPhone 12 or later versions can begin using the MTN 5G.

“You can now experience the power of 5G on your iPhone Enjoy faster browsing speeds and downloads when you upgrade to iOS 16.2. Available on iPhone 12 and above.”

READALSO: Avoid Purchasing Pre-registered SIM cards,Airtel Warns Subscribers

One way to connect to the 5G network is by using a smartphone that supports the technology. To connect to MTN’s new 5G network and expand your world’s possibilities if your current phone isn’t 5G compatible, you’ll need a new 5G phone.

No other telecom company in Nigeria has yet to roll out the 5G network. Simply explained, this means that the only network with permission to offer 5G on handsets like the Apple iPhones 12, 13, and SE 3rd Generation is MTN.

Recall that after establishing its commercial 5G network in Lagos in September 2022, MTN pledged to expand it to six other locations. Among the cities are Abuja, Port Harcourt, Ibadan, Kano, Owerri, and Maiduguri.
The 5G network is a brand-new international wireless standard that follows the 1G, 2G, 3G, and 4G networks. 5G provides a new type of network, objects, and devices in order to connect almost everyone and everything together, including machines, things, and people.

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