Mike Adenuga Net Worth is$4,600 $Million
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Num Employees: 2,545 (June 2009)/ industry
Globacom Limited (or GLO) is a Nigerian multinational telecommunications company headquartered in Lagos, Nigeria. GLO is a privately owned telecommunications carrier that started operations on 29 August 2003. It currently operates in four countries in West Africa, namely Nigeria, Republic of Benin, Ghana and CA?te d'Ivoire. As of June 2009, the company has employed more than 2,500 people worldwide.
GLO has an estimate of over 25 million subscribers (June 2009) and it is a 100 percent Nigerian owned company. It has a reputation as one of the fastest growing multi-national carriers in the world.
GLO is the first sole company to build an $800 million high-capacity fibre-optic cable known as Glo-1. It has the first successful submarine cable from the United Kingdom to Nigeria; and it has the potential to decrease telecommunications cost and provide excess bandwidth to all the countries connected to the cable.
GLO is privately owned by the Mike Adenuga Group which also consists of Equatorial Trust Bank (ETB)now Sterling Bank, Conoil PLC, a petroleum marketing company, and Conoil Producing, a crude exploration company.
Glo Mobile, a subsidiary of GLO, is GLOa??s Mobile Network Unit. In the first year of operation, it had one million subscribers in over 87 towns in Nigeria and over 120 billion Naira in revenues. Glo Mobile has now spread its reach to other parts of Africa, namely the Republic of Benin and Ghana.
Glo Gateway, a subsidiary of GLO, is GLOa??s International Wholesale Voice and Data Exchange Trading Business Unit. Due to an expansion program which took place in 2008, Glo Gateway now covers 140 countries under its roaming services, and it is currently connected to 235 networks. 2008 also saw growth in Gloa??s data roaming for mobile phones, laptops and BlackBerry handsets, which has now spread to 72 networks in 29 countries. This now gives GLO the largest roaming coverage for voice and data in Africa. Glo Gateway recently acquired a license in CA?

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Mike Adenuga Latest News

Banana Island: Mike Adenuga at War With Residents Association over Street Naming

Forbes list billionaire, Otunba Mike Adenuga has gone berserk and is threatening to arrest the leadership of the Banana Island Property Owners/Residents’ Association, for not allowing him to change the name of the street, where he lives. Our checks ...
Posted: October 13, 2016, 12:40 am

Adenuga’s support has lifted Ofala– Onitsha chiefs

The Chairman of Globacom, Dr. Mike Adenuga Jr., has been commended for lifting the annual Ofala festival to greater heights. The council of Onitsha Chiefs made the commendation during the Royal Banquet held in honour of the Obi of Onitsha, Igwe Nnaemeka ...
Posted: October 15, 2016, 9:47 pm

DSS has succeeded in demoralising judges – Akintola

He recalled that during the administration of Olusegun Obasanjo, the DSS tore down the house of Mike Adenuga. He said a monster has been created in the DSS and Nigeria has found itself in a state of quagmire. He explained that according to CAP 74 of the ...
Posted: October 18, 2016, 1:29 am
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