Next-Gen Infrastructure Company (NGIC) to launch wholesale 4G/5G network-platform over the next six months

Date: 2024-05-28
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Next-Gen Infrastructure Company (NGIC), the first 5G Mobile Broadband Shared Infrastructure Entity is poised to launch a wholesale 4G/5G network-as-a-service platform within the next six months, with plans to expand to other parts of Africa in the near future. This innovative platform will be made available to Mobile Network Operators (MNOs), marking a significant milestone in the country's telecommunications sector.

According to Harkirit Singh, CEO of Ascend Digital and Executive Director at NGIC, the company intends to tap into capital markets and bring in strategic investors as needed to fuel its ambitious growth plans. NGIC is committed to investing $145 billion in capital expenditure over the next three years, solidifying its position as a leader in the industry.

As the first 5G Mobile Broadband Shared Infrastructure Entity, NGIC will build a nationwide 4G/5G network, working closely with MNO partners to launch affordable 4G/5G-enabled Fixed Wireless Access (FWA) Customer Premises Equipment (CPEs) and smartphones in Ghana within this calendar year.

With an exclusive license to offer 5G services in Ghana for the next decade, NGIC is targeting a service launch within the next six months, with a stated goal of making 5G mobile broadband services affordable for all.

The company's ownership structure includes 55% ownership by Ascent Digital Solutions and K-NET, 10% by the Government of Ghana, and participation from Reliance's Radisys unit, Tech Mahindra, AT Ghana, and Telecel Ghana.

By:  Nana Appiah Acquaye

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