Nigeria and Africa will experience phenomenal growth in mobile technology in 2013 – Arosanyin

The year 2013 will be a great year for Mobile technology and the Broadband advancement for Nigeria and Africa, so says Mr Femi Arosanyin the Country Manager of Ericsson Cameroun.

Speaking during an Interview with BusinessNews, Mr Arosanyin said with the saturation of the American, European and Asian markets Investors and major players in the mobile technology industrning their attention to Africa.

With Nigeria serving as the leading market in the continent for the growth of mobile technology, information technology and innovation, it is certain that there will be a lot of investors making their ways into the country.

In the 2005 International Telecommunications Union (ITU) summit, there was serious concern about the gap between the Northern hemisphere, developed nations and the Southern hemisphere, underdeveloped nations .

But today the whole situation has changed dramatically as Africa and Latin America are attracting more investments and interests from major Telecommunications firm.

Mr Arosanyin said “ A company like MTN makes about 62% EBITDA margin in the Africa annually, one of highest turnovers recorded anywhere in the World”.

He further pointed out that other Asian Companies like Vietnamese Telecoms and China Mobile have joined the scramble for the continent, after having observed the profit margins made by companies like MTN, Bharti Airtel, Orascom and Etisalat in the continent.

Emphasizing on the various levels of transformations in the mobile industry and what the future would play out, the Ericsson boss further stressed that “Data is the new cash cow, and this is the market opportunity for the network operators as the Voice is going down in utilization.”

On the Nigerian front, the Federal Government and Hawaii Group signed a multi billion dollar project on broadband expansion and development, which will in essence utilize technology to promote the activities and programmes of the government.

He said with these developments, foreign direct investment flows from mobile telecommunications operators will increase in the country massively.