Mike Adenuga cemented his position in history as the owner of Nigeria’s third-largest telecommunications company, with around 55 million users (according to Forbes), and forever altered operations in the Nigerian telecommunications market.
Globacom originally got a license in 1999. After being revoked, the corporation was able to renew a license in 2003 following a government auction. At a time when many thought it was impossible, Globacom pioneered per-second billing in voice calls, which has since become the standard for all Nigerian telecoms companies.
The telecoms giant also launched services into the Benin Republic in 2008 and has continued its spread across West Africa (into Ghana and Côte d’Ivoire), with more licenses currently being prospected in other West African countries. In 2015, Mike Adenuga made a takeover bid to purchase Ivorian mobile telecom operator Comium Côte d’Ivoire for $600 million.
Nigeria’s second-richest man, Mike Adenuga built his fortune in oil and telecoms. Today, Globacom Limited, or Glo as it is fondly called operates as a telecommunications service provider, offering international and voice calling, SMS, high-speed internet, ADSL for homes, and fixed landline services, as well as other telecoms solutions. Globacom, as of the time of writing this article, serves customers in the United Kingdom, Nigeria, Benin Republic, and Ghana.