Movitel to Invest $465 Million in Mozambique Network
Published on: 8th Jan 2011
Note -- this news article is more than a year old.
Movitel, which was recently granted the third mobile operator license in Mozambique has announced that it plans to invest up to USD465 million in its network over the next five years. Of the total investment, some USD120 million will be spent in the first year to get the network launched.
Movitel is a consortium made up of Vietnamese company Viettel Telecom (70%) and Mozambique's SPI (30%), a company that is linked to the government.
Although Movitel was not the highest bidder for the license, when it offered USD28 million, the regulator said that it came highest in the technical assessment. The license was granted last November.
According to figures from the Mobile World analysts, the country ended June 2010 with around 6.77 million subscribers, representing a population penetration level of 32.7%. mCel is the dominant operator, with a market share of 65% - compared to 35% for rival, Vodacom.
Plans by the government to sell a small stake in Moçambique Celular (mCel) have been discussed in the past, but no progress has been made so far.
On the web: Mobile World