After months I stopped publishing information on origin and history of top brands in the world, I am glad to have to opportunity to start again. Today I’ll be covering Globacom popularly known as GLO. GLO as a brand is synoymous to Telecomunication service in Nigeria. Not only that, it is the only indigeneous telecomunication company in Nigeria.
Globacom Limited (GLO) is a privately owned Nigerian multinational telecommunications company headquartered in Lagos, Nigeria. GLO started operations on 29 August 2003. It currently operates in four countries in West Africa, namely Nigeria, Republic of Benin, Ghana and Côte d’Ivoire. The company has employed more than 3000 people worldwide.
In August 2003, Glo Mobile was launched in Nigeria. Glo Mobile introduced lower tariffs, pay per second billing and alongside other value added services. Although Glo Mobile was the fourth GSM operator to launch in Nigeria, within seven years of the company’s operation, its subscriber base has grown to over 25 million. In the first year of operation, it had one million subscribers in over 87 towns in Nigeria and over 120 billion Naira in revenues.
In June 2008, Glo Mobile was launched in the Republic of Benin. Glo Mobile showed unprecedented growth through the sale of 600,000 SIM cards in the first ten days of operation.
In May 2008, GLO acquired an operating license through its Glo Mobile division in Ghana. In April 30, 2012 GLO officially lauched in Ghana after series of postponement.
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.