[daily trust] The coming of MainOne submarine fiber optic cable has crashed the price of Bandwidth in Nigeria by 50 percent. This has increased bandwidth capacity at affordable cost, Sales Manager of MainOne Cable Company Mrs. Bolanle Ogundogba said on Tuesday in Lagos.
She said prior to MainOne commencement of commercial service in July 2010, the cost of bandwidth was between $1, 200 and $1, 700 per megabyte but that it has drastically reduced to the range of $500 to $700 at the moment.
Bolanle was speaking at a breakfast meeting with Internet Service Providers (ISPs) to unveil the company's 'Pay as You Grow' (PAYG) product.
She said "the Pay as You Grow product is a unique one which offers ISPs the opportunity to connect to MainOne's world class service at STM1 (155megabytes) capacity interface but to make payments based on utilization until they are able to grow capacity utilization to the STM1 level within an agreed period."
Also speaking, Chief Executive Officer of the company, Funke Okpeke said, "Nigeria only had 10 gigabytes of Bandwidths of fibre optic before our coming alive but today we have added two terabytes, which provides the right capacity of bandwidth at a reasonable cost."
She said "we are trying to grow the market so people can feel our impact and this is why we are partnering with the ISPs to get our servies to the end users and for last mile connectivity."
MainOne Cable Company Ltd is the first submarine cable company offering open access, wholesale broadband capacity in West Africa. It is wholly African-owned.
Nigeria: We Have Crashed Bandwidth Price - MainOne