Billionaire Mike Adenuga's Globacom To Launch Public Wi-fi In Lagos Under New Deal

Globacom, Wave5 to pilot public Wi-Fi in Lagos, targeting 200,000 users in markets and transit hubs under a shared-revenue infrastructure deal.

Users to pay N500 0.326 daily for access model could generate 7.2 million in recurring annual revenue, Wave5 says.

Globacom expands digital footprint with rural coverage and tech hubs as it deepens connectivity push across Nigeria.

Globacom , the telecommunications company founded by Nigerian billionaire Mike Adenuga, has entered into a new partnership with Wave5 Wireless to roll out public Wi-Fi in parts of Lagos. The pilot project is aimed at reducing mobile network congestion and improving internet access in busy areas of the city.

In a joint statement released on Sunday, both companies said the service will be delivered using a Build-Operate-Revenue Share model, allowing Glos 3G and 4G traffic to be offloaded onto Wave5s Wi-Fi infrastructure. The pilot phase will cover locations like Tejuosho and Arena markets, as well as 15 LAMATA bus shelters across Lagos. Together, these locations are expected to serve more than 200,000 mobile users.

Wave5 said users will be able to access the service for a daily fee starting at N500 0.326, which covers roughly three hours of usage and can be used across 200 days a year. That model, they added, could generate about 7.2 million in recurring annual revenue.

This partnership redefines connectivity in Nigeria, said Biola Akinyemi, Wave5s Chief Technology Officer and Co-Founder. We listened to everyday users who struggle with poor network coverage, and were using this collaboration with Glo to help ease those frustrations while opening doors to more digital services.

Wave5s founder and CEO, Ayx300wnd Adlm, said the move isnt just about better data speeds. Our mission has always been to close Nigerias digital gap, he said. Were not only improving internet access, were also supporting small businesses and helping people stay connected.