FIBERONE TARGETS 1M SUBSCRIBERS IN FIVE YEARS

FiberOne Broadband has set a target of reaching one million subscribers within the next five years as it plans to expand its fibre-optic network and increase access to high-speed internet services.

The company said the growth strategy would involve expanding its network coverage, improving service quality, and reaching more households and businesses across Nigeria.

FiberOne noted that growing demand for reliable broadband services presents significant opportunities for internet service providers as more Nigerians depend on digital connectivity for work, education, entertainment, and business.

Industry stakeholders said expanding fibre infrastructure would be important to improving Nigeria’s broadband penetration and supporting the country’s digital economy.

They noted that challenges such as the high cost of infrastructure deployment, access to rights of way, electricity supply, and damage to fibre networks continue to affect the expansion of broadband services.

FiberOne said it would continue to invest in network infrastructure and technology to support its subscriber growth target.

Analysts said achieving one million subscribers would require sustained investment, competitive pricing, reliable service, and strong customer support.

They also stressed the importance of partnerships between internet service providers and government agencies to address infrastructure and regulatory challenges.

The company’s expansion plan comes amid increasing demand for faster and more reliable internet connectivity across Nigeria.

FiberOne said its long-term goal is to contribute to wider broadband access while providing customers with dependable high-speed connectivity.

Industry experts said increased investment by fibre operators could help bridge Nigeria’s digital divide and create more opportunities for businesses, students, remote workers, and other internet users.

The company is expected to focus on network expansion and customer acquisition as it works towards its five-year subscriber target.