…as share price remains flat
Story by Kayode Tokede
MTN Nigeria Communications Plc has said it became the first telecommunication in Africa to conduct trail of 5G technology.
The company in a statement to the Nigeria Stock Exchange (NSE) on Thursday acknowledged collaboration between the Ministry of Communications Technology and Digital Economy, the Nigerian Communications Commission (NCC), MTN Nigeria and its partners.
Company secretary, Uto Ukpanah in a statement said, “We are pleased to announce that MTN Nigeria Communications PLC (MTN Nigeria) has successfully conducted a trial of 5G technology and applications. MTN Nigeria is the first Mobile Network Operator in West Africa to do so.
“This is the result of a strong collaboration between the Ministry of Communications Technology and Digital Economy, the Nigerian Communications Commission (NCC), MTN Nigeria and its partners.”
He noted that 5G offers tremendous benefits in terms of speed, latency (less delays), efficiency and security.
According to him, the trial offers a unique opportunity for MTN Nigeria to explore 5G use-cases and applications in Nigeria, and we are excited about its potential for our country.
“In addition to the bandwidth increase for seamless video streaming or the next social application playground, 5G technology supports real-time, ultra-reliable communication between massive numbers of devices.
“It creates vast possibilities in innovation and transformation, and will immensely improve qualify of living, as users gain a better experience of services and Technology in general – From Financial services, healthcare, education, and even public service delivery to more leisurely purposes, such as video streaming services, gaming and even self-driving cars.
Commenting during the demo, the Chief Executive Officer, MTN Nigeria Ferdi Moolman said “Pushing boundaries to easier when your aspirations are supported by likeminded people.
“We are able to achieve this Feat because of The support and guidance of The Ministry of Communications and Digital Economy and the Nigerian Communications Commission who provided the trial spectrum used for this.
“We are grateful for our partners, customers and everyone who made it possible. Today’s success underlines the fact that we are good together. MTN Nigeria is proudly putting Nigeria on the 5G technology map, as we continue to invest in technology solutions to meet the wide needs of our customers.”
Following the successful demonstration in Abuja, the 5G-demo will be run in Calabar, Lagos and four other cities across the country utilizing trial spectrum allocated to MTN Nigeria by the NCC.
However, the company’s share price traded flat at N118.00 per share on Thursday. The price share of the telecommunication company has been trading flat at N118.00 per share since on Tuesday.