Nigeria In One Minute

NIGCOMSAT re-strategizes for $268bn satellite market

Seven years after the launch of a replacement for Nigeria’s communications satellite, NigComSat -1R, the country’s satellite company is now set to take position in the burgeoning satellite industry.

Checks by New Telegraph revealed that NIGCOMSAT is rolling out new business strategies that would attract Internet Service Providers, telecoms operators, Pay TV operators and others that have shunned the company over the years.

Nigeria has remained in limbo in the global satellite industry currently valued at $268.6 billion despite its multi-million dollars investments in satellite years ago. The NigComSAT-1R Ka-band payload consists of eight active transponders with a bandwidth of 120 MHz each for communication and broadcasting services. It has, however, remained grossly underutilised as most organisations that are supposed to patronise the company rely on foreign satellites.

Specifically, telecoms operators recently claimed that the cost of obtaining services from the nation’s satellite is far higher than what they get from foreign facilities, hence, their preference for foreign satellites.

New Telegraph, November 8, 2018

 

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