Nigeria looks set for a significant leap in the tempo of economic activities as major mobile network operators just announced the commercial launch of third generation mobile networks. MTN Nigeria, the frontline GSM service provider, is clearly upbeat about its new 3.5G network, gleefully announcing that "the future is here". Tough-competing network, Globacom, is also much in the race, brandishing its 3G Plus network. Between them, opportunities for fast mobile data transfers and other benefits of the feature-rich 3G wireless network will hopefully be served the teeming Nigerian populace. With wireless broadband internet access, video streaming and other possibilities that now lie before Nigerians, a fresh fillip, reminiscent of the experience at the launch of GSM services in 2001, is bound to be experienced by the economy.
What 3G Offers
3G (third generation) mobile networks primarily offer considerable speed enhancement over the 2G or 2.5G networks. Driven by the High Speed Downlink Packet Access (HSDPA) software, 3G is able to provide data speed that is several times that of the 2G network. That quickly takes the capability beyond audio, graphics and text, enabling sharp video content transfers, video conferencing, games, fast internet downloads and other high-end user benefits. It is all a very major development and a quantum leap for Nigeria, considering where we've been. The real import of this development will possibly be realised when you consider that American AT&T is still rolling out 3G Wireless Broadband network in major cities in the USA. Its coverage only just got to Pittsburgh and adjoining areas within this quarter, for instance. So, for our market that hasn't generously enjoyed dial-up internet access, catapulting to 3G is huge. It's much like skipping to crawl and getting straight to running.
There is no doubt that these services will be embraced by the populace, just the way GSM phone services were snapped up. The operators obviously have no misgivings about the recovery of the licence cost and the investment outlay. Experience has shown the sharp appetite of Nigerians for smart communication tools. Recovering their investment and speedily too, is therefore not in any doubt. The key question now will be as to how individuals and businesses can key into this technology to drive performance and boost revenue. Put simply, what is the potential commercial value to a user?
Business Potentials of 3G Technology
The flexibility of high quality, fast speed wireless access has the potential to boost commerce and here are some areas of likely early impact:
All said, it's obviously a momentous development for the Nigerian economy. The potential impact would be even higher if complemented by power supply improvements. It's still good to have some positive developments to celebrate.
Copyright © 2007. Acceler8now.com. All rights reserved.
Acceler8now.com is Nigeria's top spot for premium investment information and wealth-building tools. Access a powerful base of online resources to hone your investing skills and strengthen your business-building capacity: articles, white papers, guides, video resources and more at http://www.acceler8now.com. Sign up Free for Acceler8now.com's investment newsletter, Mastering Investment-now to stay clued to market developments. Visit the blog at http://www.acceler8now.com/blog.