Nigeria creates two new satellite companies



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Isa Pantami, Minister of Communications and Digital Economy, on Tuesday unveiled two new companies created from the Nigerian communications satellite (NIGCOMSAT).

They are: Satellite Infrastructure Company (SIC) and Satellite Broadband and Broadcasting Company (SBBC).

The new companies were unveiled to stakeholders and channel partners at the just concluded NIGCOMSAT Stakeholder Forum on the theme: “NIGCOMSAT Ltd: Present and Future”.

This is contained in a statement signed by General Manager of Corporate Affairs and Special Project Adamu Idris in Abuja on Tuesday.

Mr Pantami said the CIS will provide upstream satellite services such as transponder rental, in-orbit test (IOT) services and carrier spectrum management (CSM) services.

He added that the SBBC has sought to provide downstream satellite services such as; like broadband internet services and broadcast services, among others.

NIGCOMSAT Managing Director Abimbola Alale said he was repositioning himself for potential opportunities and risks, hence “creating operational structures, to facilitate his business aspirations.”

“As we strive to achieve our vision of being the leading provider of satellite communication solutions in Nigeria and Africa, NIGCOMSAT obtained approval in 2020 to form two subsidiaries (SUBCO).”

Mr. Alale said the stakeholder forum would allow NIGCOMSAT to take stock of its achievements in previous years.

She said: “This was also the perfect opportunity for channel partners and telecom industry stakeholders to review the performance and operations of NIGCOMSAT.

“NIGCOMSAT is a key player in the Nigeria National Broadband Plan (NNBP 2020-2025), as published by the Federal Ministry of Communications and Digital Economy and initiated by President Muhammadu Buhari.

“The forum thus highlighted the contributions of NIGCOMSAT Ltd. as a national digital economy services infrastructure, providing satellite communication solutions to a wide range of customers. “

Speaking on the contributions of NIGCOMSAT Ltd. In recent years, the President of the Association of Licensed Telecommunications Operators of Nigeria, ALTON, Gbenga Adebayo has praised the operations of the company.

He urged his debtors to strive to pay within the stipulated time frame for all services rendered.

“Satellite operations are critical to the growth of telecommunications in the country, so NIGCOMSAT Ltd. should be guided to be successful by all stakeholders, ”he said. (NAA)

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