Licensing more InfraCos will reduce internet cost – NCC

The Nigerian Communications Commission, (NCC) has assured that the availability of new infrastructure companies in the telecoms sector would reduce high cost of internet services. NCC’s Director of Public Affairs, Tony Ojobo stated this in Lagos during the 4th edition of Nigerian entertainment conference. According to him, new players in the industry would provide an […]

The Nigerian Communications Commission, (NCC) has assured that the availability of new infrastructure companies in the telecoms sector would reduce high cost of internet services.
NCC’s Director of Public Affairs, Tony Ojobo stated this in Lagos during the 4th edition of Nigerian entertainment conference.
According to him, new players in the industry would provide an enable environment for competition which drastically will reduce price of internet charge.
He said the reason why internet charges are costly was because of the deficit of infrastructures companies.
Ojobo said this informed the commission’s commitment to ensure competitive bid for the auction of the 2.6Hz for broadband infrastructure deployment broadband.
He said, “We envisaged that with the licensing of new infrastructure companies fondly called infracos as well as broad band providers, price reduced.”
He stated that what determines price in the market is the numbers of competitors of that same good.  “Competition drives down price in the market; it is not by regulating price but by introducing more competitors in the market”, he said.