Business
Globacom Retains Second Position, Despite Reduction Of Customers
G
lobacom Nigeria had
lost a total of 890,679 subscribers as at the third quarter of 2013, the Nigerian Communications Commission (NCC) has said.
In the ‘Operator Data’ released last Tuesday by the NCC, Globacom’s subscriber base dropped to 24,129,183 in the third quarter, as against the 25,019,862 customers recorded in the second quarter of 2013.
The company said that though Globacom lost 890,679 customers, it occupied the second position in the market share of the Global System for Mobile communications (GSM) networks.
MTN Nigeria maintained its lead with 55,596,025; after adding 357,595 customers to the 55,238,430 subscribers it had in the second quarter.
On the third position is Airtel Nigeria with a total of 22,726,698 subscribers as at the third quarter of 2013, adding 1,134,794 to its second quarter base of 21,591,904.
Etisalat Nigeria added 456,163 to its second quarter result of 15,303,647; coming up to 15,759,810 subscribers in the third quarter of 2013.
Mobile Telecommunications Ltd (M-Tel), the mobile subsidiary of NITEL, had continued to maintain its 258,520 subscribers.
On the Code Division Multiple Access (CDMA) network, Visafone Ltd leads the network with 2,438,590 customers in the third quarter, after adding 343,805 to its second quarter base of 2,094,785 subscribers.
Starcomms Ltd. lost 21,574 subscribers from its 209, 627 customers in the second quarter, thereby left with 188, 053 subscribers in the third quarter of 2013.
Multilinks Telkom also lost 66, 638 from its 151, 688 second quarter customers, and was then left with 85, 050 customers in the third quarter.
ZoomMobile maintained its 111,077 subscribers, right from year 2012 to the third quarter of 2013.
It would be recalled that the GSM service providers have a market share of 97.69 per cent, the CDMA (mobile wing) operators have a share of 2.01 per cent, while the CDMA (Fixed/Fixed Wireless) network has 0.30 per cent share.
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Business
Sugar Tax ‘ll Threaten Manufacturing Sector, Says CPPE
In a statement, the Chief Executive Officer, CPPE, Muda Yusuf, said while public health concerns such as diabetes and cardiovascular diseases deserve attention, imposing an additional sugar-specific tax was economically risky and poorly suited to Nigeria’s current realities of high inflation, weak consumer purchasing power and rising production costs.
According to him, manufacturers in the non-alcoholic beverage segment are already facing heavy fiscal and cost pressures.
“The proposition of a sugar-specific tax is misplaced, economically risky, and weakly supported by empirical evidence, especially when viewed against Nigeria’s prevailing structural and macroeconomic realities.
The CPPE boss noted that retail prices of many non-alcoholic beverages have risen by about 50 per cent over the past two years, even without the introduction of new taxes, further squeezing consumers.
Yusuf further expressed reservation on the effectiveness of sugar taxes in addressing the root causes of non-communicable diseases in Nigeria.
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