FiberOne Emerges as Nigeria’s Leading Fiber Optics Broadband Provider in Q4 2023

FiberOne Broadband has emerged as Nigeria’s largest Fiber to the Home (FTTH) and Fiber to the Premises (FTTP) broadband provider. The Nigerian Communications Commission (NCC) report for the fourth quarter of 2023 shows.

This milestone solidifies FiberOne’s dominance in the high-speed, unlimited internet market, outpacing its competitors with a substantial subscriber base.

The NCC’s data reveals that FiberOne boasts the highest number of FTTH subscribers among all internet service providers (ISPs) in Nigeria, with 27,000 active subscribers by the end of 2023.

The Q4 2023 regulatory report highlights FiberOne’s impressive market share growth, surpassing other last-mile fiber broadband providers in the industry.

This achievement underscores FiberOne’s extensive network and commitment to cutting-edge technology, which have been pivotal to its expansion.

The company offers robust FTTH and FTTP services, ensuring high-speed, low-latency internet connections for both residential and commercial users. This dedication to quality service has driven its growth and customer satisfaction across the country.

As per the NCC’s database, a total of 245 companies were licensed as ISPs in Nigeria by the end of 2023. However, the recently released customer data shows that only 106 of these ISPs had active customers as of Q4 2023. Additionally, the NCC has licensed seven new ISPs this year, bringing it to 252.

The CEO of FiberOne, Lanre Ore, said: “We are thrilled to be recognised as Nigeria’s leading fiber internet provider.

“Our focus has always been on delivering reliable and fast internet services that meet the growing demands of our customers. This recognition by the NCC is a testament to our team’s hard work and commitment to innovation.”

The widespread availability of FiberOne’s services has encouraged people in areas with poor internet networks to opt for FiberOne. Many local ISPs that have been operating in Nigeria for several years have far fewer customers compared to FiberOne.

FiberOne’s proactive approach to capacity and infrastructure upgrades has enabled it to mitigate the impacts of significant disruptions, such as the recent submarine cable incident, more effectively than many competitors.

FiberOne is excited about the future of connectivity, particularly with the advent of 5G technology. The company’s strategic investments in edge computing, artificial intelligence, and the Internet of Things (IoT) are set to revolutionise how customers live, work, and connect. These advancements position FiberOne at the forefront of the broadband industry, ready to meet the evolving needs of its users.