Swift Networks

Swift Networks Limited is a facilities-based telecommunications services provider. The company was founded in 2002 when it bided and obtained a Fixed Wireless Access (FWA) License from Nigerian Communications Commission (NCC) to provide multi-service broadband connectivity services to businesses and residential subscribers.

Since inception, Swift Networks has invested heavily in “next generation” networking technologies to build a multi-service network platform. Swift Networks holds an exclusive wireless spectrum license from the Nigerian Communications Commission (NCC), allowing it to operate an end-to-end reliable, fibre-like connectivity services in the exclusively licensed and interference-free 3.5GHZ spectrum.

In 2005/06, ACA had identified broadband as a sector to focus on. The penetration rate in the country at the time was less than 5% and there was a significant opportunity to be tapped. The managing director of Swift Networks was an experienced entrepreneur who had already built a successful business in a different industry. ACA partnered with him to roll out broadband services first in Lagos with plans for expansion to other key cities. At the time of investment Swift had just over 200 subscribers. By the end of 2012, Swift had 75,000 subscribers and was valued at over $100m.

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