Lt.-Gen. Theophilus Danjuma (retd.) on Wednesday emerged as the Chairman of NatCom Development and Investment Limited, trading as ntel, after buying significant shares in the company.
With the emergence of Danjuma, ntel’s Chief Executive Officer, Kamar Abass, said the company would now be investing in telecoms upgrade and expansion projects totalling over $1bn by 2020.
He said that the $1bn investment was part of the telecoms company’s plans to begin network services in Port Harcourt, the Rivers State capital, by the beginning of the fourth quarter of this year.
“ntel commenced commercial operations of its 4G/LTE-Advanced network on April 8, 2016 in Lagos and Abuja. Network services in Port Harcourt are scheduled to commence early in Q4. NatCom projects making investments totalling more than $1bn by 2020,” Abass said.