At last some ray of hope seems to have appeared in the horizon for the Private Telecom Operators (PTO) sector of the Nigerian telephony market with the signing last week
of a $23 million financing deal between Starcomms and a Chinese Bank.
Starcomms, Nigeria’s leading PTO, secured the $23 million loan from the China Export-Import Bank, and the facility, which is the first of its kind to be obtained by any PTO in
Nigeria, is to be used for the expansion of Starcomms’ network into selected cities across Nigeria.
