Mukesh Ambani, the business tycoon behind Reliance Industries Ltd., is expanding his reach to Africa with a new telecom venture in Ghana. Next-Gen InfraCo (NGIC), backed by Ambani’s Radisys Corp, aims to provide 5G broadband services at affordable rates, replicating India’s mobile data revolution.
Mukesh Ambani, known for revolutionizing India’s telecom sector with Reliance Jio, is now venturing into Africa with NGIC. This new telecom venture, set to launch by the end of the year, will focus on providing 5G broadband services in Ghana. NGIC’s approach is centered on affordability, aiming to bring accessible digital services to emerging markets.
NGIC’s strategic partners, including Nokia, Tech Mahindra, and Microsoft, highlight the company’s commitment to leveraging top-notch technology. With exclusive rights to offer 5G services in Ghana for a decade, NGIC is poised to make a significant impact on the telecom landscape.
Ghana, with its burgeoning mobile market dominated by MTN Ghana and Vodafone Ghana, presents a promising opportunity for NGIC. The company’s ownership structure, with two African firms holding a majority stake, underscores its commitment to local partnerships and empowerment.
Ursula Owusu-Ekuful, Ghana’s Minister for Communications and Digitalization, expressed optimism about NGIC’s potential to replicate India’s mobile data revolution in Ghana. With a capital expenditure of $145 million over three years, NGIC is prepared to invest in building robust broadband infrastructure.
NGIC’s focus on affordability and accessibility aligns with the growing demand for reliable and affordable telecom services in emerging markets. As Mukesh Ambani sets his sights on Africa, NGIC is poised to bring transformative change to Ghana’s telecom sector.
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