Elon Musk’s satellite broadband service, Starlink, has a clear path to #1 in Nigeria, and it is just a matter of time for that reality: “Elon Musk’s internet company, Starlink, has rapidly ascended to become Nigeria’s third-largest Internet Service Provider (ISP) by subscriber number in the fourth quarter (Q4) of 2023, according to the latest data released by the Nigerian Communications Commission (NCC).”
First, our major telcos are breaking record losses due to currency paralysis, and I do not expect many of them to be investing significantly over the next few years. Secondly, the unbelievable level of attacks on fiber cables will discourage some independent investors in that space.
So, what do you expect? State governments from 2026 will visit SpaceX to help connect their communities. They cannot do that now because the nation is hot (you are not supporting local telcos, etc), but if you check Starlink pricing, it is adjusting for that future.
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Indeed, drop N100k monthly, and your rural primary school will have internet service. Do the same for the church, mosque, and just like that the local government headquarters will go Starlink. The future in Nigeria is satellite broadband, and it will do to GSM what GSM did to CDMA, and what CDMA did to NITEL cobwebs.
SpaceX Starlink Emerged as Nigeria’s Third-Largest ISP in Q4 2023
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