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The GSM Association announced that the mobile industry plans to invest more than $50B in sub-Saharan Africa over the next five years
October 29, 2007
KIGALI, Rwanda -- At the Connect Africa summit, the GSM Association announced that the mobile industry plans to invest more than $50 billion* in sub-Saharan Africa over the next five years to provide more than 90% of the population with mobile coverage. The investment will be used to extend the reach of GSM mobile networks, enhanced with GPRS, EDGE and HSPA technologies, to provide a rich suite of mobile multimedia services, including Internet access.
Since sub-Saharan governments began liberalising their telecommunication sectors at the turn of the millennium, the GSMA estimates that the mobile industry has invested $35 billion, providing more than 500 million people (67% of the population) in sub-Saharan Africa with mobile coverage. “This surge in investment by the mobile industry has changed the lives of millions of Africans, catalysing economic development and strengthening social ties,” said Rob Conway, CEO of the GSMA.
MTN, Orange, Vodacom and Zain subsidiary Celtel are among the mobile operators planning to invest heavily in the expansion and enhancement of their networks. “We have the passion and dedication to provide Africa with a world class infrastructure,” said MTN Group President and CEO Phuthuma Nhleko. “We are proud to be a leading investor in Africa, bringing world-class services to our customers on the continent through our Celtel subsidiary,” added Dr. Saad Al Barrak, CEO of the Zain Group, while Alan Knott-Craig, CEO of Vodacom Group, said: “We are proud of our investment in Africa, and we will continue to focus on our customers and the development of products and services that benefit them.”
GSM Association (GSMA)
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