FiberOne Targets 1 Million Subscribers in Five Years
Nigerian internet service provider FiberOne has announced an ambitious goal to reach one million subscribers within the next five years. The company currently holds a significant share of the local market but faces stiff competition from satellite and mobile providers.
Why it matters
Expansion of broadband infrastructure is critical for Nigeria's digital economy and addressing the connectivity gap in Africa's most populous nation.
Nigerian fibre broadband provider FiberOne is targeting one million subscribers within five years, setting an aggressive expansion goal as demand for reliable internet grows and operators contend with the high cost of building and maintaining networks across Africa’s most populous country. The Lagos-based internet service provider currently has more than 40,000 subscribers, according to Chief Executive Officer Lanre Ore, who said that the company plans to use the growing demand for high-speed connectivity to expand its reach across Nigeria. “Despite the challenges, there are significant gaps to be solved, a young and ambitious population, and enormous room for innovation,” Ore said in a LinkedIn post, disclosing that he made the remarks in an interview with PENRESA for an upcoming TIME Africa special on Nigeria.
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