Nigeria-based broadband and data services provider, SWIFT Networks Limited has announced its acquisition of Chromecom, an arm of privately held telecoms operator Monarch Communications Limited.
The new acquisition is to improve SWIFT’s current broadband speed and also enable the company add capacity for new customers.
“As a company, we believe in pursuing strategic initiatives that we continuously reinforce our brand essence and value proposition to our teeming customers,” says the Managing Director, SWIFT Networks Limited, Mr. Charles Anudu. “With the additional spectrum from the Chromecom acquisition, the refarming of our WiMAX spectrum for 4G LTE services and the additional base stations deployment, we will deliver an ultra-fast broadband experience comparable to the best anywhere in the world.”
The ISP will be deploying over 1,000 4G Long Term Evolution (4G LTE) base stations to boost its broadband service within Lagos and will be migrating over 100,000 existing WiMAX customers to the new 4G LTE network in the third quarter of this year at no cost to the customers.
The company who operations had been limited to Lagos says it is also expanding to Nigeria’s capital city, Abuja and Port Harcourt in southern Nigeria.