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Business News of Tuesday, 29 August 2023


Glo celebrates 20th anniversary, pledges investment in tech

Globacom outlet Globacom outlet

Globacom has said it will continue to invest in new technologies to satisfy its customer needs.

It stated this as it announced that it will mark its 20th anniversary on Tuesday (today).

The telco stated that since it began operations in 2003, it had been committed to providing its customers with communications and digital services through constant deployment of the latest technologies in line with its corporate promise to build a robust fully integrated ICT network infrastructure that would consistently deliver value to its esteemed customers.

In a statement, the firm said, “We will remain a catalyst for socio-economic empowerment, not only in Nigeria but also in Africa. We will continue to invest massively in new technologies to exceed customer expectations.”

Glo noted that parts of its achievement in the telecoms sector includes crashing the cost of SIMs from about N25,000 to about N200.

It said, “The network also disappointed bookmakers as it launched operations on a per second billing platform, a feat others had described as impossible to achieve until another five years.

“Prominent among the innovations Glo pioneered in Nigeria are Blackberry, Multimedia Messaging Service, Magic Plus, Glo Direct, Glo Fonepals, Africhat, Glo Mobile Internet, GloFleetmanager, M-Banking and Glo Mobile Office. Glo was also the first to launch 2.5G, 3G, and 4G LTE networks.

“It also single handedly built an international submarine cable, Glo 1 to connect West Africa directly to the United Kingdom and the rest of the world. It also connects 12 nations in the West African sub region, including some of them that are landlocked.”

The firm further stated that its achievements over the years was due to the support of millions of Nigerians. It added that it now had over 61 million subscribers.