India’s leading businessman and head of Reliance Industries Mukesh Ambani is expanding his business rapidly. He seems very excited about Telecom Industries Limited. According to a Bloomberg report, the company may soon be seen offering its telecom services to the fast-growing Ghanaian market.
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What is the plan?
Harkeerat Singh, executive director of NGIC (Next gen Infra Co), says Radisys Corp, a company controlled by Reliance Industries, will provide network infrastructure, applications and smart phones to Ghana’s infra. Telecom facilities may be provided by NGIC in Ghana later this year. Let us tell you that 5G network and internet services will be provided by the company in Ghana.
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While talking to Bloomberg, Harkeerat Singh said that efforts will be made to provide facilities at reasonable prices in this fast-growing market.
Which companies will compete in Ghana?
NGIC’s partners include Nokia OYJ, Tech Mahindra Limited and Microsoft Corporation. Currently the total population of Ghana is 3.30 crore. Currently, the main ones are MTN Ghana, Vodafone Ghana and the state-owned Airtel Tigo.
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Harkeerat Singh said that Ascend Digital Solutions Ltd and K-NET will have a total stake of 55 per cent in NGIC. While the Government of Ghana will have a total share of 10 percent. He said NGIC will have exclusive rights to provide 5G services for the next decade. Let us tell you that the company has planned to spend 145 million dollars in the next 3 years.
How much stake does Reliance own in NGIC?
Harkeerat Singh said that Reliance Industries and none of its strategic partners have any stake in NGIC.