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N55bn infrastructure rots as telecom firms fold up

Published by Punch on Fri, 16 Aug 2019


Ife Ogunfuwa Telecom facilities worth more than N55.43bn across the country are wasting as the firms that own them have folded up operations. The Nigerian Communications Commission has identified 693 abandoned masts and towers across the six geopolitical zones of the country. With each tower having an estimated value of N80m, a total of N55.43bn
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