The wireless and fibre-based broadband provider is in the initial stages of rolling out the 4G LTE services starting with Lagos, Abuja and Port Harcourt. The project will start in the next few weeks following company’s acquisition of the 4G business of Direct On PC and the issuance of technical upgrade contracts to a consortium of Huawei, IHS, Helios and others. The acquisition was financed by Union Bank and FCMB and sealed with the approval by Nigerian Communications Commission (NCC). This deal will allow much higher bandwidth and use of applications on mobile devices with reduced service cost to already existing SWIFT customers. As part of the deal, SWIFT will inherit all the wireless 4G infrastructure with the addition of the existing customers of Direct On PC from Lagos, Abuja and Port Harcourt whilst Direct On PC will continue with uninterrupted services to their customers. SEE MORE AFTER CUT>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
According to Managing Director of SWIFT Networks, Charles Anudu, he said: “This acquisition is a significant milestone in our journey to advance our competitive position in the high quality broadband segment and footprint in the Nigerian market. It will improve our customers’ broadband experience and overall operating results as the cost efficiency arising from the economies of scale of the streamlined operation will accrue to our various stakeholders.” He also quoted saying the SWIFT will continue to invest in new technologies and processes that deliver values that make sense to them. While the Vice Chairman of the Bhojraj Chanrai Group and Owners of Direct On PC stated: “SWIFT and DOPC are a perfect fit, as we share a common passion for innovation and customer satisfaction. I am happy that we found the SWIFT home for our 4G WiMAX customers as they will join an operator that has become the undisputed leader in both network quality and customer service in its category.