Ringing Bells Of Alarm As Mike Adenuga’s Globacom Clandestinely Secure Highly Coveted Broadband Spectrum In Shrouded Circumstances

…12yrs after inability to launch landlines after getting license

Very quiet and very wealthy money man, Mike Adenuga has cornered yet another lucrative deal that would seriously boost operations and revenue at his cash cow telecommuication company, Globacom.

But this development comes decorated with ringing bells of alarms of bypassing due process.

‘It is as controversial as can be imagined’ a keen watcher of events divulged.

Mike Adenuga’s Globacom, along with another telecommunication company, Visa Fone has secured the highly coveted ‘digital dividend’ frequency spectrum according to newsbreaker platform, Technology Times.

The acquisition perfected in a clandenstine manner comes a good 12years after Mike Adenuga and his Globacom
Mike Adenuga

Telecommunication company failed to launch landlines on a commercial scale after securing the license societynowng.com learnt.

Information sourced revealed the latest acquisition which was done in ‘secret’ and one of the ‘last minute’ approval given by outgoing President Goodluck Jonathan is flood gate of wealth Adenuga.

The worth of the controversial deal is aptly captured by Technology Times in part ….’Digital dividend” is highly coveted by telecoms companies across the world as it enables them to launch mobile broadband service — a potential cash cow.

‘The spectrum is available after the migration of broadcasting from analogue to digital, thereby freeing part of the electromagnetic spectrum previously used for broadcasting.

Digital television typically needs less spectrum than analogue.’

However how much use Adenuga and his Globacom can put it to use, as well as Visafone the other beneficiary remain in doubt.

There is a growing agitation within and outside the industry with the manner they secured the license.

Contrary to laid down rules and regulations and world wide standard, the about to step out of office awarded the license in a shrouded manner that prevented the Nigerian Communications Commission (NCC), the body recognised by law , from advertising and supervising an auction.

Information pieced together revealed already other stakeholders have started agitation that might forced incoming government of disciplinarian Muhammadu Buhari to take another look at the whole process based on the ‘national value’ of the license at stake.

‘There is a growing agitation aimed at forcing the new government to take another look at the whole exercise…a license of such magnitude shouldn’t be given out in last minute shoddy exercise is what the agitation is all about’ an insider divulged to societynowng.com

Societynowng.com further learnt whether the process gave value for license and not another fuel subsidy like situation in the telecommunication industry.