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:

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 How to create a verified PayPal account Learn how to create a verified...bullet
2 CEO of Afro Arab Group Ranked Among 50 Young CEO'S In Ghana 2018bullet
3 How to create an NGO in Ghana How to register and start an NGObullet
4 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
5 10 banks in danger of not meeting BoG’s GH¢400m minimum capitalbullet
6 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet
7 Revealed: Highest earning pensioner gets over GHc50,000 a...bullet
8 How to write a memo How to write a memo like a probullet
9 Don’t pay victims of financial scams; it sends bad...bullet
10 Police arrest 6 Menzgold customers trying to lock up...bullet

Top Videos

1 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
2 Money Alert Meet Africa's richest womanbullet