LAGOS: According to a recent industry study carried out by Pyramid Research, London, there is heightened expectation that Nigeria's highly competitive telecommunications market will expand by 5.9 per cent in between 2011 and 2016. The report entitled ‘Nigeria: New Ministry, Infrastructure Investments and ICT Policies Boost Market' provides a precise profile of Nigeria's telecom, media and technology sectors based on proprietary data. It was also noted in the report that the competitive landscape of Nigeria's telecom sector has forced operating companies to roll out new infrastructure to improve coverage and quality, which has resulted in a rapid increase in subscription and usage. The Associate Research Analyst at Pyramid Research, Ronda Zelezny-Green said mobile services will benefit substantially from these investments, “with the sector as a whole expanding at a rate of 5.9 per cent in dollar terms between 2011 and 2016.” Zelezny-Green further stated that this will be a contributing factor to the growth of 3G service, which is expected to expand at a robust compound annual growth rate (CAGR) of 18.9 per cent between 2011 and 2016. According to the report, Nigerians located in remote areas will begin to gain notice because almost every operator has made noticeable improvements that indicate they plan to expand into underserved areas in order to make headway toward achieving higher levels of growth. BM ShortURL: http://goo.gl/9ZOe6 Tags: Growth, Nigeria, Telecom Section: Business, Latest News, Tech, West Africa
