World’s richest man and Tesla CEO, Elon Musk on Friday, received approval from the federal government to launch his Starlink network in Nigeria.
The SpaceX founder will now be competing with the likes of MTN, Airtel, and several others for Nigeria’s massive telecommunication market.
The billionaire’s announcement revealed that after months of negotiation, his company received approval to operate in Nigeria from the Federal government.
Musk’s Starlink is a satellite internet constellation operated by SpaceX, providing satellite Internet access coverage to 32 countries where its use has been licensed.
It can be argued that Nigerians will not only enjoy a high-speed network but one with low-latency broadband that has been optimized to process a very high volume of data with minimal delay.
Speaking, the Nigerian Communications Commission (NCC) confirmed to Nairametrics that it has licensed Starlink, a satellite internet constellation operated by SpaceX.
This licensing followed a visit to Nigeria by the company’s team in May last year.
According to NCC, the International Gateway license has a 10-year tenure while the ISP license is to last for five years. Both licenses take effect from May 2022 and may be renewed after the expiration.