Ezuka SharonThe internet penetration in Nigeria at 51% is by far one of the largest in Africa. In 2022 alone, there has been an increase in the demand for companies that have indicated an interest in operating in this segment of the telecommunications industry.
Nigeria is currently looking to increase its current 51% penetration to 70% by 2025, which means there’s a need for more Internet Service Providers (ISPs) to achieve the target of 70% broadband penetration.
The Nigerian Communications Commission (NCC) licensed over 40 new Internet Service Providers (ISPs), including Elon Musk’s Starlink. Which has increased the number of ISPs to a total of 238 as of December 2022.
However, it is important to note that These ISPs have a specific consumer base different from the mobile network operators of MTN, Airtel, Globacom, and 9mobile. These ISPs are serving mainly corporate organizations and homes and do not have an all-encompassing market reach like the mobile network operators.
This is why ISPs have a significantly lower market share than MNOs. As of Q3 2022, the total connected subscribers of the ISPs stood at 415,099, according to the data released by the NCC. However, only 49% of these subscribers, 204,810, were active.
Nevertheless, it doesn’t take away from the fact that these ISPs have done tremendously well and have recorded impressive subscription figures As of Q3 2022.
Below are the top 10 ISPs according to the Nigerian Communications Commission (NCC).
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SPECTRANET (Top 10 Internet Service Providers In Nigeria)
Licensed in 2009 to promote Internet services across Nigeria, Spectranet aims to be a leader in the Internet Services space. The data from NCC shows that the company has the largest number of subscribers and active customers amongst the ISPs. The company recorded 287,075 customers and stood at 115,103 active customers with 648 locations across Nigeria.
TIZETI (Top 10 Internet Service Providers In Nigeria)
Tizeti is a fixed wireless broadband Internet service provider operated by Tizeti Inc, using Wireless to provide unlimited internet to residential and small business customers in Africa. to connect its base stations to customer buildings.
According to NCC, the company has the second-largest ISP subscriber number. It recorded 39,410 customers and stood at 18,243 active customers. The ISP had points of presence in 131 locations.
IPNX
ipNX is one of Nigeria’s fastest-growing Information and Communications Technology companies, serving a multitude of needs across enterprises, small businesses and residents with innovative, world-class services.
The company ranks 3rd according to the NCC recording a total of 18,068 connected subscribers, with 13, 104 of these customers active. The company has 53 active locations.
ASTRAMIX LIMITED (Top 10 Internet Service Providers In Nigeria)
Registered in Nigeria by the Corporate Affairs Commission (CAC) and licensed by the Nigerian Communications Commission (NCC), Astramix Limited are providers of fast and reliable uninterruptible data and internet broadband. The company says its goal is to become the major Internet Broadband and Data provider in Nigeria.
As of Q3 2022, its subscribers stood at 15,040, and all of them were actively connected. The company had 5 points of presence in Nigeria.
VDT Communications
VDT is a leading Broadband communication service provider to corporate organizations with leased Fiber Optic trunks to the thirty-six (36) states in Nigeria and the FCT, with 145 Points-Of-Presence (POP) and counting with localised technical support staffers.
According to the NCC, VDT had 12,767 connected subscribers with 7, 294 active users.
Suburban Broadband Ltd
Suburban Fiber Company was incorporated in 2012 and has been in existence in Nigeria for over 20 years. The company delivers a blend of infrastructure, technology and applications specifically customized to meet the needs of businesses in Nigeria.
Its products include subscription access to premium content, TV, Internet, and Voice services, as well as connected homes, security, and utility management solutions.
The company recorded 6,354 connected customers and 4,349 were active and present in 6 locations in Nigeria.
Cyberspace Network Limited
Cyberspace commenced operations in 1995 with its mission to provide excellent value-added ICT services and cutting-edge networking solutions. The company has since proven to be a distinguished network and software solution provider in the industry.
Cyberspace as of Q3 2022, recorded 4,260 connected customers and all of them were actively subscribed. The company is present in 138 locations across Nigeria.
Cobranet Limited
Cobranet Limited is a leading internet service and data provider. Since its launch in 2003, Cobranet has provided various industries and sectors nationally with reliable and secure Internet Services and Data Management solutions.
Cobranet aims to provide innovative and world-class solutions at the best feature-to-price and service–to–price ratio to ensure that customers achieve their individual and business targets while enjoying the peace of mind that comes with a stable internet.
As of Q3 2022, the company had 3,609 subscribers which are all active. The company had a presence in 85 locations.
Radical Technology Network Ltd
Radical Technology Network Ltd is a Nigerian ISP with its head office located in Lagos and a nationwide presence in Abuja, Port Harcourt, Kano, and Onitsha.
Over the years, the company has ensured the highest levels of customer responsiveness and service quality, a trait which has earned them a long-standing relationship with their customers and made them one of the most reliable ISPs in Nigeria.
According to the NCC, Radical Technology Network Ltd recorded a total of 2,641 customers with only 1,945 of them active. The company had 6 points of presence.
Dotmac Technologies Ltd
Dotmac Technologies Ltd was established in 2008 and is one of Nigeria’s leading Internet Service Providers in Abuja. The company delivers broadband internet via fibre to the home technology and is an experienced ICT company with a wide range of services that are designed to improve and optimize the services of their clients.
As of Q3 2022, its connected customers stood at 1,968, however, 1,608 of them were active. The company had 27 points of presence in both Lagos and Abuja.
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