Globacom

Globacom Limited (or GLO) is a Nigerian multinational telecommunications company headquartered in Lagos, Nigeria. GLO is a privately owned telecommunications carrier that started operations on 29 August 2003. It currently operates in four countries in West Africa, namely Nigeria, Republic of Benin, Ghana and Côte d'Ivoire. As of June 2009, the company has employed more than 2,500 people worldwide.

Overview

GLO has an estimate of over 25 million subscribers (June 2009) and it is a 100 percent Nigerian owned company.

GLO built an $800 million high-capacity fibre-optic cable known as Glo-1, a submarine cable from the United Kingdom to Nigeria.

Ownership

GLO is privately owned by the Mike Adenuga Group which also consists of ETB, now merged with the Sterling Bank, Conoil PLC, a petroleum marketing company, and Conoil Producing, a crude exploration company.

Strategic business units

Glo Mobile

Glo Mobile, a subsidiary of GLO, is GLO’s Mobile Network Unit. In the first year of operation, it had one million subscribers in over 87 towns in Nigeria and over 120 billion Naira in revenues. Glo Mobile has now spread to African countries, namely Benin and Ghana.