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Vodacom Tanzania plans $100m spend
06 January 2012
$100m investment will focus on improving data and mobile commerce services, says MD Rene Meza
40 under 40
Vodacom Tanzania is planning to invest $100 million in the next 12-18 months in order to reinforce its position, according to the local reports. Rene Meza, the operator’s managing director, said the investment will be used for boosting network coverage capacity, enhancing mobile data service and the M-pesa mobile commerce service. The money will also be used to recruit agencies for technologies and corporate services.
The company is owned by Vodacom in South Africa, ultimately controlled by the Vodafone group.
Meza, a member of the Global Telecoms Business 40 under 40 in 2011, said in an interview with The Citizen: “The company’s growth is based on the fast expanding subscriber list, mobile financial services arena and voice services, and these are appropriate for an emerging economy like Tanzania.”
Meza said that the company will focus more on internet to expand 3G network and mobile commerce. Vodacom saw more than 8 million customers for the last 15 months, witnessing growth at the rate of 20,000 new users on a daily basis. GTB
Further reading from Global Telecoms Business:
NSN to upgrade Vodacom Tanzania 20 Dec 2011
Vodacom Mozambique to upgrade network 23 Nov 2011
Vodacom Congo partner blocks stake sale 25 Oct 2011
South Africa's Telkom in mobile launch 15 Oct 2010