SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 22 Jun, 2015  

Huge Global Investment Ploughed Into Africa's Telecoms Industry

PR Newswire | 22 Jun, 2015
Huge Global Investment Ploughed Into Africa's Telecoms Industry

DAR ES SALAAM, Tanzania: The telecoms industry forms a crucial foundation to Africa's economic growth affecting all aspects of the business and social sphere. The continent has seen a dramatic expansion in its telecoms sector over the past 5 years. Mobile subscription expansion in Africa is currently the fastest worldwide (72% penetration on average across the continent).

Consequently a huge amount of investment is happening to improve Africa's infrastructure to cope with higher levels of data usage and the need for better connectivity, particularly in rural areas. For example, Algérie Télécom, in northern Africa announced plans to deploy 20,000km of additional fibre by the end of 2015.

The international telecoms community also recognises Africa as an area of high value for new business. Gagun Gahir, director of carrier services for EMEA for the American telecommunications company, IDT Corporation, said Africa "is a massive investment opportunity" with $25 billon needed "to build the next generation of internet-ready networks".

Due to the size and scale of investment opportunities in African telecoms, wholesale telecoms carriers from across the globe meet annually at Capacity Africa, the largest pan-African wholesale conference to network, develop business and hear industry leaders deliver future commercial strategy. Taking place on 8 & 9 September in Dar es Salaam, 400+ senior telecoms executives from over 65 countries will take advantage of the entire African telecoms ecosystem being represented, all looking to secure new deals in the region's lucrative telecoms market.

Discussing the event's importance, Mike Last, Director, Marketing and International Business Development, WIOCC said "Capacity Africa is without a doubt the best networking event for the African wholesale telecoms industry," adding it attracts "a very strong set of African and international carriers and creating a great environment for doing business."

Expanding networks means increased demand for infrastructure and competition amongst operators. Regulators are playing a key role in providing stability to these operators active in the region ensuring a market driven industry. Capacity Africa recognises this, offering an agenda which brings together both the C-level executives of major telecoms organisations such as Seacom, Liquid Telecom, WIOCC as well as the regulators such as the Nigeria Communications Commission to discuss the latest growth opportunities in front of an audience made up of the key decision makers in African telecoms.

To find out more information about Capacity Africa 2015, please visit http://www.capacityconferences.com/Capacity-Africa or contact Simon Murray on simon.murray@capacitymedia.com, +44(0)207-779-7235

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter