British based Telecom 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. Vodafone is the world’s second largest telecom with 434 million subscribers, capital worth £89.1b (about sh382trillion) and revenues of £38.34b (about sh164 trillion) 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 telecoms companieM like NT A riel, Smart, Smile and Orange resulting in p ire r dections. The framework agreement expands Vodacom Group’s o epations in South Africa, Tanzania, , thDemocratic R peblic of Congo, Lesotho a. nMozambique. Stefano Gastaut, the Vodafone Partner M raets Chief E exutive said: “Uganda is an a tractive market and we a erdelighted to w leome Afrimax to our successful P raner M rkets community, which already operates i ro than fifty countries. “ eWlook forward to e ploring the potential for further p raner m rket agreements in sub-Saharan Africa with A rimax, under our framework c operation agreement. Peter Langkilde, the Afrimax management, , ief E exutive Officer and Rob Philpott, the C ief Financial O ffcer (CFO) said: “The p ranership with Vodafone s lodifies our o gning plans to be a leading provider of h gi speed network services in sub-Saharan A rica.”
Posted on: Tue, 18 Nov 2014 22:17:43 +0000