CHARLES ACA

Why Glo is Failing Glo once forced MTN to rethink pricing, handed Nigerians free SIMs, signed the biggest celebrities, and landed a 9,800 km submarine cable. It was not just a telecom company. It was a statement. That statement has been rotting for a decade. In March 2024, Glo reported 62 million active subscribers. By September, 19 million. The NCC’s audit did not shrink Glo’s base. It revealed that Glo had been counting ghosts for years, inflating figures while the real business collapsed underneath. The infrastructure tells the same story. MTN runs over 28,000 km of fibre across Nigeria but Glo runs 13,800. Less than half. With that deficit, 102 major outages in early 2025 should surprise no one. One lasted eight hours across five states. Another sat unresolved for four days in Adamawa and Taraba which was unresolved. Then there is the breach. Hackers attacked Glo in August 2023 and walked away with customer data. Glo said nothing for a full year. The NCC had to force a board overhaul in October 2024 just to get governance back on the table. Market share is now 11.9% with No 5G. 3.2 million internet subscribers lost in five months. A daily bleed of 21,000 users. Its internet base is back to 2013 levels. Airtel has 34% of the market. MTN has 52%. Glo has memories. The company that once made the big players nervous is now in danger of being overtaken by 9mobile. 9mobile oooo. The same operator most Nigerians forgot existed. Glo did lost to itself.

One of my senior colleagues and friend back at KPMG just got named as the MD of one of the UAC subsidiaries! The versatility of an accounting/finance degree is unmatched! You can literally be anything.

what did you people do in your unemployment phase?? help a girl