In order to drive its growth plans in the telecommunications sector, MainOne, a leader in wholesale broadband and wholesale bandwidth telecommunications services and land cables has sealed a $100 million, about N 16,009 bn refinancing deal with a consortium of four banks, Skye Bank Plc, Standard Chartered Bank Limited, First Bank of Nigeria Plc and First City Monument Bank.
The MainOne Chairman, Fola Adeola said at the loan signing ceremony in Lagos that the facility was to aid the expansion of the company’s operation by making interconnectivity easier and internet access faster and more efficient for the company’s clients.
DigitalSENSE Business News noted from the chairman whose company provide wholesale broadband and wholesale bandwidth telecommunications services and land cables to telecom operators and Internet service that broadband ought to be a fundamental right, but it’s now unwholesome for companies to pay four times the normal price for carrying data from one location to another.
The Chief Executive Officer, Ms. Funke Opeke, said the company was building its data centre, which would have 600 raps of computing power and electrical power of 75kilowatts and stressed that clients would be connected to the computing and electrical powers through optic fibres, which would allow them to participate in the global economy and transform Nigeria and West Africa into a digital economy.
DigitalSENSE Business News learnt from Opeke that the company had been expanding its services to other cities in Nigeria like Abuja, Oshogbo, Port Harcourt, Kaduna, and Accra and Lome in the West African sub region.
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