Nigeria’s leading high-speed broadband service provider, SWIFT Networks Ltd. has acquired Chromecom spectrum (a subsidiary of Monarch Communications Ltd.). The move will now enable SWIFT to migrate its over 100,000 current WiMAX customers to the new 4G LTE Network sometime in the Q3 of this year.
SWIFT’s current customers are said to enjoy faster broadband speed, and there will be additional capacity for future customers. SWIFT wants to position itself as the Nigerian market leader as far as high-speed broadband and data services are concerned.
The company is said to be embarking on installing additional 1,000 4G LTE base stations across the State of Lagos.
Charles Anudu, the Managing Director of SWIFT Networks Ltd. in a statement said: “With the additional spectrum from the Chromecom acquisition, the refarming of our WiMAX spectrum for 4G LTE services and the additional base stations deployment, we will deliver an ultra-fast broadband experience comparable to the best anywhere in the world.”
Back in June 2013, the Company acquired Direct On PC (DOPC)’s 4G business. In a deal that included their wireless 4G infrastructure and their customers in Abuja, Lagos and Port Harcourt. SWIFT is also expected to begin serving Internet users in Abuja and Port Harcourt within the next few months.
Chuma Okoye, the Chief Operating Officer at SWIFT Networks Ltd. said, “Delaying our expansion to Abuja and Port Harcourt till now was deliberate to ensure that we would have first nailed down the Lagos market property and then mustered the resources, human and otherwise, experience, systems and process to ensure that our success is replicated in these new markets.
The Company has also excited customers, saying that they should be looking forward to a much faster, more efficient and stable network from SWIFT. They will also be able to exchange their 4G WiMAX modems at no cost.