Nigeria’s Globacom Gets 2% Of Ghana Telecom Subscriber Market in First Month

Mergers, Acquisitions and Financial Results

Nigeria’s Globacom has acquired two per cent market share of the total Ghana telecom subscriber base just after a month of launching its operations in the West African country, according to latest figures from the National Communication Authority (NCA). The telecom company which launched commercial operations in May 2012, finished its first month of operations with 468,508 subscribers. However, telecom rival, MTN increased its subscribers to 10,644,804, representing a solid 47% market share, while Vodafone maintained its second position with 4,671,999 subscribers, representing 21% of the total market share.

The stats also who that Tigo comes third with 3,457,427 subscribers, representing 15% market share, while Airtel finishing the period with 3,015,499 subscribers, representing 14% of the total market share. It is noteworthy that Globacom finished three times the subscriber base of Ghana’s only CDMA network, Expresso, which finished the period with 195,670 subscribers representing a one per cent market share.