Vodafone Group Plc FRAMEWORK AGREEMENT-AFRIMAX IN SUB-SAHARAN AFRICA (3052X)
November 18 2014 - 3:30AM
UK Regulatory
TIDMVOD
RNS Number : 3052X
Vodafone Group Plc
18 November 2014
18 November 2014
VODAFONE AND AFRIMAX GROUP ANNOUNCE FRAMEWORK AGREEMENT IN
SUB-SAHARAN AFRICA
-- Vodafone signs new Partner Market agreement with Afrimax in Uganda
Vodafone and Afrimax Group ("Afrimax") - a 4G LTE
telecommunications operator in sub-Saharan Africa - today jointly
announced a strategic framework agreement to cooperate and explore
opportunities for Partner Market agreements in the region. Also
today, Vodafone has announced a Partner Market agreement in Uganda
with Afrimax.
Under the non-equity framework agreement, Vodafone and Afrimax
will explore potential Partner Market opportunities in a variety of
territories in sub-Saharan Africa.
Under the Partner Market agreement in Uganda, the two companies
will offer customers voice and data products and services using the
'Vodafone Uganda' brand. Vodafone's multinational corporate
customers will benefit from the addition of Uganda to their
existing contracts for international managed services.
Vodafone Partner Markets Chief Executive Stefano Gastaut 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."
Afrimax management Peter Langkilde, CEO and Rob Philpott, CFO
commented: "We are excited about the partnership with Vodafone and
the opportunity to work with a brand that is not only passionate
about technology, but passionate about people and the impact that
technology can have on peoples' lives. The partnership with
Vodafone solidifies our ongoing plans to be a leading provider of
high speed network services in sub-Saharan Africa."
The framework agreement will complement Vodacom Group's
operations in South Africa, Tanzania, the Democratic Republic of
Congo, Lesotho and Mozambique and has been agreed in conjunction
with Vodacom Group.
- ends -
For further information:
Vodafone Group
Media Relations Investor Relations
www.vodafone.com/media/contact Telephone: +44 (0) 7919 990 230
About Vodafone
Vodafone is one of the world's largest telecommunications
companies and provides a range of services including voice,
messaging, data and fixed communications. Vodafone has mobile
operations in 26 countries, partners with mobile networks in 53
more, and fixed broadband operations in 17 markets. As of 30
September 2014, Vodafone had 438 million mobile customers and 11
million fixed broadband customers. For more information, please
visit: www.vodafone.com.
About Afrimax Group
Afrimax is led by an experienced Management team with a
successful track record in acquiring spectrum, building networks,
and operating mobile services in diverse geographic markets,
including Africa, and is backed by prominent private investors as
well as IFC and AMC, members of the World Bank Group.
With an existing 4G License footprint covering 12 countries,
population under License coverage of 222 million, and further
Licenses being acquired, Afrimax is building the largest portfolio
of 4G wireless broadband networks across sub-Saharan Africa. For
more information, please visit www.afrimaxvodafonepartner.com.
About Vodacom Group
Vodacom is a leading African mobile communications company
providing a wide range of services including mobile voice,
messaging, data and converged services to more than 60 million
customers. From its roots in South Africa, Vodacom has grown its
mobile operations to include networks in Tanzania, the Democratic
Republic of Congo, Mozambique, and Lesotho.
Vodacom also offer business managed services to enterprises in
over 40 countries across Africa. Vodacom is majority owned by
Vodafone, one of the world's largest mobile communications
companies by revenue. Vodacom is listed on the JSE Limited and has
a head office in Johannesburg, South Africa.
This information is provided by RNS
The company news service from the London Stock Exchange
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