With ownership of the third largest telecommunications business in Nigeria boasting about 55 million subscribers (according to Forbes), Mike Adenuga sealed his place in the sands of time and forever revolutionised operations in the Nigerian telecommunications space.
Globacom received its first license in 1999. Later revoked, the company was reissued another license in 2003 after a government auction. Globacom introduced the per-second billing in voice calls at a time when many called it impossible and that has today become the model for all telecoms industry players in Nigeria.
The telecoms giant also launched services into Benin Republic in 2008, and has continued its spread across West Africa (into Ghana and Côte d’Ivoire), with more licences currently being prospected in other West African countries. In 2015, Mike Adenuga made a takeover bid to purchase Ivorian mobile telecom’s operator Comium Côte d’Ivoire for $600 million.
ALSO READ: Adenuga donates N1.5 billion to tackle coronavirus
Nigeria’s second-richest man, Mike Adenuga built his fortune in oil and telecoms. Today, Globacom Limited or Glo as it is fondly called operates as a telecommunications service provider, offering international and voice calling, sms, high-speed internet, ADSL for homes, and fixed landline services, as well as other telecoms solutions. Globacom, as of the time of writing this article, serves customers in the United Kingdom, Nigeria, Benin Republic and Ghana.
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To place an advert here . Call Willie - +2348098788999
JOIN THE CONVERSATION