Nigeria is regarded as one of the most strategically important markets in Africa. With the largest population in the region and mobile penetration of around 22%, it is backed by strong economic growth of 13% (nominal GDP growth in 2007). Its untapped addressable market represents high growth potential for mobile telephone services.The license, originally granted to Mubadala Development Company, is a 15-year renewable Universal Access Service License (UASL) and enables Etisalat to reach the country’s population of over 146 million people. This will be the largest investment for us in a Greenfield operation in Sub-Saharan Africa. It will give us an opportunity to take advantage of significant synergies with current operations in West Africa.
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