‘Glo’s subscriber acquisition rate is fastest’

GLOBACOM has been adjudged as having the fastest subscriber acquisition rate among other operators in the second quarter of 2015 as shown in the latest report by the Nigerian Communications Commission (NCC).

The telecoms operator outperformed other telecoms companies by recording the highest growth rate of 5.86 per cent at the end of the second quarter.

The report which was released on the website of the NCC showed that Globacom increased its subscriber figure from 25,177,125 in the first quarter to 31,256,677 at the end of the second quarter.

Etisalat came second with a record of 3.4 percent growth rate moving from 28,680,757 in the first quarter to 22,852,232 at the end of the second quarter.

Airtel placed third, growing by 3 percent from 28,680,757 in the first quarter to 29,564,766 at the end of the second quarter.   MTN recorded the least growth rate of 2.72 per cent moving from 61,149,397 in the first quarter to 62,813,111 at the end of the second quarter.   Globacom has remained consistent going by the latest report.

It will be recalled that the National Bureau of Statistics had earlier in the year credited Globacom for driving growth rate in the industry.   The NBS had quoted NCC’s 2015 first quarter report indicating that Globacom recorded a whopping 1.63 million new subscriber from May 2014 to April 2015 bringing its total subscriber base to 30.03 million.

A report of the NCC also showed that Globacom acquired 1 million new internet subscribers in April translating to 67.98 percent of new subscribers in April 2015.

The report also revealed that MTN lost 384,487 Internet subscribers within the period while Airtel recorded 669,518 and Etisalat had 231,661 new internet subscribers in April.