• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, July 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Nigeria Ranks Among Fastest-growing Telecoms Markets As Global Revenue Hits $1.1trn

by Royal Ibeh
5 months ago
in Business
Nigeria Ranks Among Fastest-growing Telecoms Markets As Global Revenue Hits $1.1trn
Share on WhatsAppShare on FacebookShare on XTelegram

The global telecoms industry grew 4.3 per cent in 2023, reaching $1.1 trillion, even as Nigeria has emerged as one of the fastest-growing fixed broadband markets, according to PwC’s Global Telecoms Outlook.

Advertisement

Fixed broadband subscriptions in Nigeria are projected to grow by 9.2 per cent annually through 2028, placing it among the world’s top performers alongside India (17.2 per cent) and Malaysia (9 per cent).

Despite revenue expansion, the industry faces challenges such as rising costs, fierce competition, and declining average revenue per user (ARPU). For instance, global telecoms revenue is projected to rise at a compound annual growth rate (CAGR) of just 2.9 per cent through 2028—below inflation.

However, growth in key markets like Nigeria signals strong demand for connectivity and digital services, particularly in regions with expanding infrastructure investments.

While 5G revenue remains subdued, the Outlooks findings revealed that global subscriptions are expected to soar from 1.79 billion in 2023 to 7.51 billion by 2028. This surge will see 5G become the dominant mobile standard by 2026.

RELATED

What Attracts Kenyan Punters Most To Sports Betting

Tech Upgrades That Ensure Faster Player Settlements

8 hours ago
Experts Laud CG As Customs Grants 90-day Window To Regularise Imported Vehicles Duty

Customs Grants 223 Importers 21-day Ultimatum Over N379.6bn Duty Violations

15 hours ago

Fixed-Wireless Access (FWA) is also projected to be the fastest-growing broadband technology through 2028, with a CAGR of 18.3 per cent, further supporting the expansion of internet access in emerging markets.

Against this backdrop, momentum of capital is shifting decisively towards fixed connectivity – or fibre, the Outlook findings disclosed.

In 2023, total telecom capex fell 2.3 per cent, driven by a 5.7 per cent decline in mobile. However, industry capex is projected to grow at a 2.4 per cent CAGR from 2024, fuelled initially by fixed broadband investments for fibre roll-out, and later in the period by a revival in mobile CapEx as operators prepare for 6G.

In the automotive and mobility sector, the outlook finds that the sector will power cellular internet-of-things (IoT) services.

Driven in large part by increased adoption of smart automobiles and the mobility sector, cellular internet-of-things (IoT) services has emerged as an industry bright spot across all regions.

Overall, IoT revenue in the automotive sector is projected to more than double between 2023 and 2028 to reach US$34.1 billion, rising at a CAGR of 15.8 per cent.

Reacting to the findings, the global telecoms leader at PwC US, Dr. Florian Gröne, emphasised the need for strategic evolution in the sector, stating, “The telecoms industry must re-imagine how it creates, delivers and captures value in the face of rising costs and competition. The industry faces enormous potential, particularly as consumers and societal actors increasingly operate across digital platforms and AI drives significant investments in digital connectivity infrastructure, but the industry remains sensitive to macroeconomic forces and is highly cost-intensive, with almost all the cash it generates absorbed by CapEx, dividends and servicing debt. As new and emerging technologies transform sectors, the telecoms industry must harness the power of AI, while working with investors and regulators to optimise market structure and deploy deals to build scale.”

As new and emerging technologies transform industry, fuel demand for connectivity services and digital infrastructure and investment, AI presents a significant opportunity for the telecoms industry, but one that still remains under-utilised. At the consumer level, AI tools and capabilities can also help telcos deliver personalised customer experiences, boosted workforce productivity and deployment, and AI-powered cognitive network operations centres (NOCs) that provide actionable insights and efficiencies in real time.

WMA consulting and risk services leader, PwC Nigeria, Femi Osinubi said, “Telecom players must accelerate their investment and application of AI technologies if they are to transform their cost base and customer experience. At the same time, the digital infrastructure needed to power the AI economy will also create significant opportunities for utility providers to deliver the next version of the internet – the “AI grid” – and serve the growing demand for connectivity.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




Tags: Nigerian Telecoms Sector
SendShareTweetShare
Previous Post

Contributory Pensioners Commend Federal Gov’t, PenCom Over N750bn Pension Bond

Next Post

Group Lauds FCMB Philanthropy Gesture

Royal Ibeh

Royal Ibeh

You May Like

What Attracts Kenyan Punters Most To Sports Betting
Business

Tech Upgrades That Ensure Faster Player Settlements

2025/07/26
Experts Laud CG As Customs Grants 90-day Window To Regularise Imported Vehicles Duty
Business

Customs Grants 223 Importers 21-day Ultimatum Over N379.6bn Duty Violations

2025/07/26
Nigeria, UK Strengthen Relations On Trade, Standards
Business

Nigeria, UK Strengthen Relations On Trade, Standards

2025/07/26
Transcorp Hotels Appoints Osakwe As Non-executive Director
Business

Transcorp Hotels Posts N12.228bn Pre-tax Profit, To Pay N1.02bn Interim Dividend

2025/07/26
Nigeria Ranks Among Fastest-growing Telecoms Markets As Global Revenue Hits $1.1trn
Business

Fintech Experts Create Platform To Connect Startups With Investors

2025/07/26
NLNG Ties 2023 Science Quiz Competition To Net Zero Emission
Business

The NLNG Prize For Literature 2025 Offers $100,000 To Winner

2025/07/26
Leadership Conference advertisement

LATEST

BREAKING: Super Falcons Clinch 10th WAFCON Title

Emmanuel, Adesuwa Crowned Champions Of 46th CBN Tennis Tourney

Police Arrest 6 Suspected Kidnappers In Kaduna, Zamfara

78 Sanitation Offenders Arrested In Edo

BBNaija S10: HoH Challenge To Hold Sundays, HoH Challenger On Monday

2025 Women’s Afrobasket: D’Tigress Thrash Rwanda In Opening Game

Ondo Varsity Students Protest Murder Of Female Colleague

Army Debunks Report Of Delayed Promotion, Allowances

Constitution Review: North-West States Reject Diasporan Voting, Back State Creation

2027: ADC Vehicle To Achieve Northern Unity, Progress — Mark

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.