Redknee Solutions Wins Gabon Billing Contract
Published on: 25th Mar 2009
Note -- this news article is more than a year old.
Redknee Solutions has announced that Bintel, a Bahrain holding firm which is rolling out services in Gabon, will deploy its Turnkey Converged Billing and Mobile Money solutions.
"We are excited about Bintel's selection of Redknee's market-leading, turnkey converged billing solution. We look forward to a long-term, strategic partnership with the Bintel Group, and will support its success when services are launched in Gabon," said Redknee CEO Lucas Skoczkowski. "At Redknee, we are continuing our investment in the high growth markets of Africa, the Middle East and Asia Pacific to support the execution of our growth strategy."
Bintel recently announced plans to significantly increase its Africa footprint in the next two years by foraying into at least three new markets including Gabon, and has pledged USD250 million for investment in the region as part of its strategic expansion.
Bintel, which was awarded a 15-year license in Gabon last month is targeting a 6 to 8% share of the local market within its first 12 months and a 30% share within its first 10 years.
According to figures from the Mobile World subscriber tracker, the country ended last September with an estimated 1.36 million mobile phone users - representing a population penetration level of 91%.
Gabon is more prosperous than most nearby countries, with a per capita income of four times the average for Sub-Saharan Africa. This is in large part due to offshore oil production.