Internet service provider Spectranet, known to be one of the best services when it comes to reliability and internet speed, has maintained its top position as Nigeria’s biggest internet service provider, in the fourth quarter (Q4) of 2023.
Spectranet at the end of Q4 2023, recorded 113,869 subscribers, with a share total of 43.4%. The Internet Service Provider (ISP) has continued to play a pivotal role in providing quality Internet access to Nigerians.
It is worth noting that Spectranet was the first Internet Service Provider (ISP) to launch a 4G LTE-based internet service in Nigeria. The brand is known for providing affordable, faster, and more reliable internet broadband to Nigerian homes and offices.
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Its internet service uses various technologies which include; 4G LTE, FTTx (Home Fiber), and WTTx (Fiber on Air) which are currently available across Lagos, Abuja, Ibadan, and Port Harcourt. Its state-of-the-art multi-technology network ensures high-speed internet connectivity for customers.
Spectranet was awarded a License from the Nigerian Communications Commission in 2009 to promote Internet services in Nigeria. Headquartered in Lagos with Management Consultancy and Technical Collaboration with the Infrastructure Development Company Group based in Singapore, the Internet service provider aims to be a leader in the Internet Services space in Nigeria.
In 2023, the company received two awards for the “Best 4G LTE Internet Service Provided”, and Broadband Services Provider of the Year”.
Coming second among the top internet service providers is FiberOne, the largest fiber-to-home (FTTH) premium broadband provider in Nigeria with 27,000 active users and a share total of 10.3% at the end of 2023.
In third position is Elon Musk-owned Starlink, which reached a significant milestone in Nigeria, by becoming the third-largest internet provider, in the fourth quarter (Q4) of 2023.
According to data, Starlink’s active customers in Nigeria increased to 23,897 in Q4 of 2023, from 11,207 in Q3 of 2023, to become one of the leading ISPs in the country. The Q4 figure represented a 113% increase in customers quarter on quarter.
Starlink has gained significant traction in Nigeria due to its ability to provide high-speed internet access in remote and underserved regions, where local internet service providers often struggle to reach. By leveraging a constellation of low Earth Orbit (LEO) satellites, Starlink offers a reliable and efficient internet solution, addressing the digital divide in Nigeria.
Despite Starlink’s price still being on the high side compared with local ISPs, the internet service has sparked high adoption interest among Nigerians who are eager to change their service providers.