Dowuona Criticizes Solely Financially Motivated Awarding of 5G Contract to NextGen Infraco

TechGh24.com’s Managing Director, Samuel Dowuona, has expressed apprehension regarding the decision-making process behind awarding a 5G licensing contract to NextGen Infraco, emphasizing the overemphasis on financial capacity and motivation.

In a recent discussion concerning the approval of the contract, Dowuona voiced concerns over the regulator’s apparent prioritization of companies with significant financial resources, neglecting broader market growth considerations.

Dowuona pointed out the lack of competition in the 5G deal, highlighting the regulator’s tendency to follow monetary incentives rather than fostering a balanced market environment.

He critiqued this approach, warning against the potential emergence of monopolies and urging a more strategic and inclusive licensing strategy.

He questioned the rationale behind granting NextGen Infraco a monopoly over Ghana’s burgeoning 5G market, cautioning against market imbalances and advocating for measures to address significant market power dynamics.

Dowuona stressed the importance of acknowledging and rectifying market disparities, advocating for a more equitable and sustainable approach to licensing and market regulation to foster healthy competition and innovation in the telecommunications sector.