Business
Etisalat Plans To Penetrate Iraqi Market
Etisalat, UAE-based telecoms operator, will make a decision on how to enter the Iraqi market this month as it continues to look for expansion opportunities abroad. According to the head of Etisalat’s international operations, Jamal Jarwan, the company is considering whether to bid for a licence in the country or instead buy a stake in Kurdish operator korek Telecom.
Etisalat first expressed an interest in securing a 51 percent stake in Korek Telecom in October 2008, in a deal worth up to $1 billion. Alternatively Etisalat may bid for Iraq’s fourth mobile concession after the government announced plans in July 2009 to launch a new license auction.
Also, in order to boost telecom service in its regions of operations, Etisalat Nigeria, the fifth global system for mobile communications (GSM) Company in the country was among the six telecom companies newly admitted this month as members of the Africa Coast to Europe consortium which is currently running the ACE submarine cable system from France to South Africa, connecting all countries along the west coast of Africa.
Etisalat membership and others reinforce the structure of ACE and demonstrated that is strategy is attractive to African telecommunication operator, and is seen as an effective way to meet their international traffic requirements.
The ACE submarine cable system which will be more than 14,000km long will be ready for service in 2011. the system will include state-of-the-art submarine cable technology with a minimum capacity of 1.92 Tbit/s, which is capable of supplying the network connectivity required to meet the needs of many countries and secure international traffic. The submarine cable system when completed will complement the SAT-3, and the main one cable to be completed by mid 2010, and will offer the West African coastal region excellent connectivity to telecommunications networks in Europe, America and Asia.
The ACE consortium currently comprises twenty five parties from Europe and across the Africa continuant.
Business
Transport Unions Endorse FG’s 500 CNG Stations Plan
Speaking on the development, the Deputy President of the National Union of Road Transport Workers, Aliyu Ore, said the distribution of the stations across the states would help bring down transport fares.
He said, “It’s a good one. And if everything goes well, it’s automatically going to come down. Because by virtue of this, at least each state will get like 20. While some commercial states will get more than that.
“But at least 20 in every state, and the transportation cost in the area will come down. If everything goes the way it’s supposed to go. One thing, you may get a filling station, and there is no gas. So, if all 500 filling stations are available and function well, I assure you that the price of transportation will come down. I’m very sure, and it’s a good one.”
Also speaking, the Secretary-General of the Road Transport Employers Association of Nigeria, Ibrahim Yusuf, described the initiative as a welcome development, saying it would reduce hardship and inflation.
Yusuf said, “We have a serious problem in the petrol and transport fields because, one, it will question the problem, and it will reduce the hardship and inflation drastically. It’s a welcome idea. You know, it has to start from somewhere. Already, the willingness and the intentions are there.
“And we are assured that, yes, these things are coming. And we believe it will come to reality. And as such, the citizens of Nigeria will enjoy the gesture of the president. By the time it’s shared with the end users, impact will be felt. I know it will reduce poverty; the drastic cost of transportation and inflation will be reduced.
“A bag of rice will be reduced in price. So that is the effect of the cost of transportation that Tinubu has done. That is what you should be expecting. The moment you can get relief from one side, it will go around.”
The operators stressed that the expected impact of the CNG stations would depend on their availability and functionality, particularly ensuring that motorists can access gas whenever they need it.
In August 2026, President Bola Tinubu directed the rollout of another 500 CNG refuelling stations nationwide, bringing the Federal Government’s planned network to 1,000 stations. The directive followed a meeting with state governors on measures to reduce transportation costs.
Business
High Ticket Prices Responsible For Low Passenger Traffic -MD
Business
Customs Educates Stakeholders On PCA Procedures
