With less than five months of operation in Ghana, telecoms operator Glo has doubled its market share in the country, according to a report released by Ghana’s National Communication Authority (NCA).
In the report, showing half-year mobile market share and subscriber base, NCA reported that Glo doubled its market share to 4 percent, having scooped 2 percent of the total market, within the first months of operation in Ghana.
As of May2012, Glo’s subscribers stood at 468,508 active connections, while at of June 2012, the number had risen to 990,566 of the 23,370,773 active mobile subscribers in Ghana.
This is seen as a tremendous growth, owing to the fact that Ghana Telecommunications industry has fierce competition, with MTN being the dominant player with a 46 percent market share (10,757,974 subscribers).
Vodafone comes in second with 4,819,700 , representing 20.6 percent market share. Airtel and Tigo having 12.9 percent share with 4,819,700 and 3,553,274 subscribers respectively.
Glo Mobile had to wait for about three years to officially launch, and was slapped a $200,000 fine for failing to launch by the NCA. Launched in April 2012, Glo Mobile became Ghana’s sixth mobile operator, joining the other operators who already cover 85 percent of the country, reaching 974 cities and towns and over 10,000 villages.
