Vodacom, South Africa-based mobile phone operator, is on the prowl for to acquire more stake in telecommunications business in Africa.
Majority-owned by UK’s Vodafone Group, Vodacom is set to shop in two or three African countries in the next three years, as they plan to increase Africa’s meagre 17% of the company’s revenue.
According to Fox Business News, CEO Shameel Joosub, told Dow Jones Newswires the firm wants to increase revenues generated from Africa to between 25 and 30 percent in the next three years.
One of the major drivers for mobile phone firms on the continent is the speedy launch of smartphones, that is why Vodacom is currently paying more attention to bringing more smartphones in as many user’s hands as possible.
Vodafone has developed a cheap smartphone that Vodacom wants to start selling in Africa from June this year
