More than 80 billion FCFA, the richest man in Asia…

More than 80 billion FCFA, the richest man in Asia…
More than 80 billion FCFA, the richest man in Asia…

Indian billionaire Mukesh Ambani, the richest man in Asia, is interested in this West African country.

Indeed, his company Radisys Corp announced on May 27, 2024 that it intended to invest in the deployment of 5G in Ghana.

This is the first foray of Asia’s richest businessman (according to the Forbes 2024 ranking) into the African telecoms market.

This investment should be made via Next-Gen InfraCo (NGIC), a joint venture in which the Indian group is a stakeholder as well as the government of Ghana and the companies Ascend Digital, K-NET, Nokia, Tech Mahindra and Telecel Ghana .

NGIC has received a 5G license from the Ghanaian regulator and plans to start operations by the end of this year.

The company will provide broadband services to mobile operators and internet service providers in Ghana based on Jio Platforms, the parent company of Radisys which is also the leader and largest mobile operator in India with 470 million users.

“NGIC plans to adopt India’s successful model of affordable phones, digital platforms, and localized content and applications.

The aim is to replicate this high-speed mobile data model across Africa, starting with Ghana”underlines the company in its press release.

According to Bloomberg, the company is expected to invest just over $145 million in Ghana over 3 years and its license term extends to 15 years.

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