By Samuel Sanya
KAMPALA, Nov 19 — British telcommunication services company Vodafone has signed a deal with broadband company, Afrimax, to provide voice and data services under the Vodafone Uganda brand to increase its presence in the country and on the continent.
Under the non-equity framework agreement, Vodafone and Afrimax will explore potential partner market opportunities in a variety of territories in sub-Saharan Africa, they said in a statement here Tuesday.
Vodafone is the world’s second largest mobile telephone services company with 434 million subscribers, capital worth 89.1 billion sterling and revenues of 38.34 billion sterling, according to financials released in March this year.
Analysts predict that the entry of Vodafone Uganda will lead to a spike in competition with existing telecos MTN, Airtel, Smart, Smile and Orange resulting in price reductions.
The framework agreement expands the Vodacom Group’s operations in South Africa, Tanzania, the Democratic Republic of Congo, Lesotho and Mozambique.
Stefano Gastaut, the Vodafone Partner Markets Chief Executive said: “Uganda is an attractive market and we are delighted to welcome Afrimax to our successful Partner Markets community, which already operates in more than fifty countries.
“We look forward to exploring the potential for further partner market agreements in sub-Saharan Africa with Afrimax, under our framework cooperation agreement.”
Peter Langkilde, the Afrimax Management Chief Executive Officer, and Rob Philpott, the Chief Financial Officer, (CFO) said: “The partnership with Vodafone solidifies our ongoing plans to be a leading provider of high speed network services in sub-Saharan Africa.”
SOURCE: NEW VISION