Globacom To Drop Crisis-ridden Psquare As Ambassadors

Psquare, the singing duo of Peter and Paul Okoye, are set to have their contract terminated by Globacom, Nigerian telecommunications company.

TheCable Lifestyle learnt from reliable sources that Globacom decided to end their contract due to the public controverses Psquare has been involved in, within the past year.

Owing to managerial and creative disputes, Peter and Paul have had series of social media disagreements which led to a temporary split early this year.

The pair, a few months ago, announced that they had reunited and settled their differences.

Shortly after, they released a new single titled ‘Bank Alert’ and recently dropped the star-studded video for the song.

An insider in Globacom revealed to TheCable Lifestyle that Psquare has already written a joint letter to the management of Globacom to reconsider them as brand ambassadors.

The letter also contained an apology to the telecommunications company over their public rifts but TheCable Lifestyle understands that there is no going back.

Top shots at Globacom are believed to have made up their mind to do away with the brothers after failing to keep their dirty laundry private.

The public nature of their disagreements is considered detrimental to the public image of Globacom, hence the cessation of ties.

Psquare got signed to Globacom in 2010 on a four-year contract which was later renewed in 2014.

Their deal is worth an estimated N65m per year.

NCC To Sanction MTN, Airtel, Globacom Over Auto Data Service Migration

The Nigerian Communications Commission (NCC) yesterday  said it would sanction MTN, Airtel and Globacom for defying its directive on automatic migration to Pay-As-You-Go data bundle.

The Commission made this known in its ‘2015 third quarter Compliance Monitoring and Enforcement Report’ obtained posted on its website.

NCC said it had continued to receive complaints from subscribers on automatic migration of data bundle package to Pay-As-You-Go Billing on depletion of their data bundle.

‘’Consequently and pursuant to section 53(1) of the NCC Act, 2003. The commission on 3rd August 2015 directed all mobile service operators to comply with the data bundle directions.

According to News Agency of Nigeria (NAN), NCC said “where a subscriber’s data bundle account is fully depleted before the due date, service providers should notify the subscriber via SMS, giving information regarding the tariff/ billing rate for automatic migration.

‘’That all service providers should henceforth stop auto-migration of subscriber’s data service to the Pay-As-You-Go (PAYG) account upon depletion of the data bundle account, except with the express consent and authorisation of the subscriber via SMS.’’

Credit: NationOnline

Mike Adenuga Offers $600m To Buy Off Ivorian Mobile Phone Company

Globacom, a Nigerian mobile telecoms operator owned by Adenuga, is lodging a $600 million takeover bid for Comium Cote d’Ivoire, a company that has been grappling with debt and cash flow problems.

If the deal goes through, Globacom will have succeeded in extending its brand presence in West Africa. Already, the mobile telecoms operator has operations in Nigeria, Ghana and Benin Republic. Globacom, which already owns an international carrier services licence in Cote d’Ivoire, reportedly plans to invest over $1 billion in upgrading Comium-CI’s network over three years.

Comium CI has more than 900,000 mobile subscribers according to L’Autorite de Regulation des

Telecommunications. It is a subsidiary of Comium Group, a Lebanon-based telecommunications
company owned by Lebanese businessman Nizar Dalloul. The group operates as a multi-service provider on four continents, specializing in Wireless Data Networks, GSM communications, Internet service provision and VoIP. Comium CI is heavily enmeshed in debt to the tune of more than $25 million and has been given until 15 May to pay off its debts or risk being placed into receivership.

Mike Adenuga, 63, is the 2nd richest man in Nigeria with a fortune estimated at $4.7 billion according to FORBES’ World Billionaires ranking. He owes his fortune to his ownership of Nigerian mobile telecoms outfit Globacom, and Conoil Producing, a Nigerian oil exploration firm that operates 6 oil blocks in the Niger Delta.