21ST CENTURY TECHNOLOGIES INJECTS $20M IN NETWORK EXPANSION IN NIGERIA
21st Century Technologies Limited, a leading wireline telephony and data services provider in Nigeria is injecting $20 million (about N2.6 billion) fresh funds into the expansion of its network nationwide in a move aimed at consolidating its leadership structure and ensuring quality service delivery.
The company's Chief Executive Officer, Wale Ajisebutu disclosed in Lagos that the move became necessary because of the elaborate expansion programme of the company which needs to be taken far more aggressively than before.
His words: "If our plans to penetrate all the nooks and crannies of Nigeria with our state-of-the-art quality wire line telephone and data services are to be realised, we have to pump in more money. So, in realisation of this, we are injecting $20 million in the first instance, to fast-track our expansion programme and ensure that we maintain the same quality services that our clients have come to know us for".
He reiterated that the fresh funds will strengthen the company's current nationwide fibre optic project, in which the company is laying fibre optic rings around the entire length and breadth of Nigeria, with the Lagos phase of the project nearing completion.
21st Century Technologies Limited recently hit a record 50, 000 subscriber base in the aggressive roll-out and expansion programme that has seen the company laying its fibre optic across Nigeria .
Ajisebutu also disclosed that as part of its design to create a one-stop-shop for ICT services in Nigeria, 21st Century Technologies Limited recently entered into a partnership agreement with e-Hosting Data Forth of Dubai to enable companies, institutions and governments take greater advantage of the Nigerian company's ultra modern Data Centre located at Lekki, Lagos.
According Ajisebutu, this strategic partnership will lead to the optimal utilisation of the data centre as eHosting Datafort will bring its wealth of experience to bear on the facility in Lagos.
"We are very keen on helping our existing and potential customers take optimum advantage of our data centre. That is why we have gone to great lengths to invest so heavily in ensuring that the Data Centre remains first of its kind in Africa . "Going further, we believe that tapping the experience of well-tooled leaders in the sector like eHosting Datafort will ensure that our customers enjoy the best of two worlds - our unmatched quality and facility as well as the skills and experience of our partners, eHosting Datafort - all at unbelievably reasonable costs", he stated.
"There is no doubt that our niche area is a tough one. We are determined to give Nigerians what obtains anywhere else in the world. Everyone realises that wired line telephony is the best although it is quite difficult and far more expensive to deploy. For us at 21st Century, we see it as a niche area and we want to concentrate on that because in not-too-distant future, corporate Nigeria as well as other operators will fall back entirely on us for reliable, efficient and secured communications infrastructure," he stated.