\n
Samuel Dowuona, the Managing Director of TechGh24.com, has expressed concerns over the regulator\u2019s financial motivations in the wake of a 5G licensing agreement awarded to NextGen Infraco.<\/p>\n
NextGen Infraco was formed just a week before the approval of the contract.<\/p>\n
During an interview with Bernard Avle on ChannelOne TV\u2019s The Point of View, Mr. Dowuona voiced his apprehension that the regulator seems to be solely focused on companies with substantial financial resources, thereby neglecting the overall growth of the market.<\/p>\n
He highlighted the absence of a competitive market in the 5G deal.<\/p>\n
\u201cI also made a point in my article that we have more or less in the market, a monster. The last time we had the show I told you that the regulator is to be blamed. The regulator thinks to follow the money now, instead of doing what will make the entire market grow together.<\/p>\n
\u201cThey follow the money, and whoever has the money, they just follow the money and that is where we have landed now. If we still go back to following money, it\u2019s going to be a bit worrisome.<\/p>\n
\u201cEven if it means creating another monster, just to keep one monster in check, over a certain period of time, then we can talk about how we can even restructure this wholesale thing.\u201d<\/p>\n
He questioned the decision not to divide the contract among multiple players to prevent a single company from monopolizing the market.<\/p>\n
He expressed concern that market imbalances will persist if the regulator continues to repeat past errors.<\/p>\n
\u201cWe can\u2019t say that because others failed to invest, and so they are now far behind, we should also sit down and allow the market to run in such a way that one day we end up in a monopoly, we can\u2019t do that. Once there\u2019s Significant Market Power (SMP) in the market, we also need to begin to be doing things in a certain way to just acknowledge that there\u2019s a SMP.<\/p>\n
\u201cWe can\u2019t just go ahead and auction licenses when we know very well that we\u2019re going to end up in a situation where only one player is going to be buying the license\u2026Like every player starting to roll out the 5G at the same time.<\/p>\n
\u201cThe small wing is important, it means we\u2019re taking steps to correct the market imbalances\u2026So long as we have SMP in the market, we shouldn\u2019t be doing things we did in the past, otherwise, we\u2019re not going to correct the market imbalances.<\/p>\n
\u201cThis time it\u2019s MTN, but it could have been anybody\u2026This is not intended to go at a particular player. There\u2019s an SMP in the market let\u2019s just acknowledge that.\u201d<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Samuel Dowuona, the Managing Director of TechGh24.com, has expressed concerns over the regulator\u2019s financial motivations in the wake of a 5G licensing agreement awarded to NextGen Infraco. NextGen Infraco was formed just a week before the approval of the contract. During an interview with Bernard Avle on ChannelOne TV\u2019s The Point of View, Mr. Dowuona […]<\/p>\n","protected":false},"author":1,"featured_media":187434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-187433","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
Regulator\u2019s financial focus threatens competitive 5G market \u2013 Dowuona \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/06\/06\/regulators-financial-focus-threatens-competitive-5g-market-dowuona\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulator\u2019s financial focus threatens competitive 5G market \u2013 Dowuona \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Samuel Dowuona, the Managing Director of TechGh24.com, has expressed concerns over the regulator\u2019s financial motivations in the wake of a 5G licensing agreement awarded to NextGen Infraco. NextGen Infraco was formed just a week before the approval of the contract. 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