Medallion Plans listing on NSE, strategic expansion to Four Cities

(Last Updated On: 2017-05-30)

Medallion Communications Limited has said that it is considering listing on the Nigerian Stock Exchange (NSE) as part of its five years strategic expansion of its operations to four more cities in the country.

Medallion Communications serves as an interconnect clearing house for telecom operators to exchange traffic with an advanced technology and secure neutral telecommunications infrastructure.

Mr. Ikechukwu Nnamani, president and CEO who disclosed these when he led the company’s team on a courtesy call on the management of Communication Week Media Limited in Lagos, listed the cities as Enugu, Port Harcourt, Ibadan and Kano.

Nnamani said  “Our goal is to launch in four cities; presently, we are in Lagos and Abuja. So, we want to put infrastructure in Enugu, Port Harcourt, Kano and Ibadan. From all indications we may be adding Asaba to the plan. This will be bringing data centre and interconnect exchange points to meet the needs of service providers, similar to what we have done in Lagos. Today, the Medallion facility in Lagos is the most connected point across the sub-region in terms of the point base and operators

“As part of the plans to grow the brand, we see ourselves going public by listing on the Nigerian Stock Exchange (NSE). That way, Nigerians will also participate in what we are doing. It is very key to us and we expect this to happen within the next five years”.

In his response, Mr. Ken Nwogbo, publisher and editor in-chief, Communication Week Media Limited, commended Medallion’s team for its innovations and services targeted at all operators in the market including mobile, fixed, value added service, and content provider.

“It is commendable that Medallion’s infrastructure is designed to be robust and protocol independent to enable all classes of operators to interface seamlessly. This is smart and beneficial to stakeholders within the value chain and Communication Week Media identifies with excellence”, he said.

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