Pulse.com.gh logo

4G LTE in Ghana Vodafone Ghana not ready for 4G LTE- CEO reveals

According Yolanda Zoleka Cuba Vodafone’s CEO, the company currently does not have the capacity to roll out 4G LTE network.

  • Published: , Refreshed:
24/7 Live - Subscribe to the Pulse Newsletter!

Vodafone Ghana has ruled itself out of the current race for the 4G LTE market, citing its current financial standing and market dynamics.

According Yolanda Zoleka Cuba Vodafone’s CEO, the company currently does not have the capacity to roll out 4G LTE network.

  “Over the long-term for us it is imperative to have access to 4G. It will actually ensure not just fast speed but network quality to all our customers, so from that perspective we are committed to 4G. But at this stage, however, when we look at the percentage of people with 4G-enabled phones it’s still around 1 percent of the Ghanaian population,” she said in a press conference in Accra.

READ MORE:Ghana Telecom Vodafone Ghana not enlisting on Stock Exchange any time soon

But Ms. Yolanda Cuba argued that the fraction of Vodafone Ghana’s 7 million customers who use 4G enabled phones do not make a business case for a 4G investment which requires $67.5million.

 “If you are a market leader and you have dominance in the profit pool, not just the revenue pool, it’s much easier to say in order to protect or entrench your lead I’m willing to pay US$67.5million. If you’re not, it’s very difficult to justify that kind of investment. Do we need 4G spectrum, absolutely! But can we afford it? Unfortunately, not at this time,” she added.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 New Appointment Nana Addo appoints Mahama as Lands Commission bossbullet
2 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
3 Mobile Money MTN freezes account of Ponzi scheme over GH¢11m defaultbullet
4 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
5 Mahama boys prevented me from meeting him – Fibre Optics Inventorbullet
6 Salaries In 2018 Here are the dates public workers will be...bullet
7 Government Interventions UN expert says 1D1F, $1m Per...bullet
8 Banking In Ghana Invest in more risky ventures – Nana Addo...bullet
9 Ports And Harbour Issues GPHA staff apologises to Mac Manubullet
10 Free Decoder Promo StarTimes launches most affordable...bullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 Support Finance minister buys Kantanka carbullet
6 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
7 Money Alert Meet Africa's richest womanbullet
8 Video We are determined to move Ghana beyond aid - Bawumiabullet
9 Entrepreneurship Failure- How To Deal With It |...bullet
10 Tech 6 reasons you should buy an iPhone SE instead of...bullet