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Our Markets

Burundi

Macroeconomic Conditions
  • Having achieved ceasefire with the last rebel group in 2006, Burundi is projected to recover at the 5.7% average growth rate, above the Africa average growth
  • Improvements of efficiencies in agriculture, and recovery of the mining sector are expected to allow for the stabilization and growth of the Burundi economy
  • Population of 7.9 m in 2008 is expected to grow to 9 m while GDP per capita of $389 as of 2008 is expected to increase to $476 in 2014
Telecom Market Overview
  • Supported by stabilization of economic, and socio-political conditions, Burundiís telecom market is projected to expand at ~26% p.a. in 2009-2014, with the subscriber base increase by four times
  • The penetration and subscriber base are expected to expand in multiple times in 2009-2014 as the economic, political and social environments recover
  • Six players are expected to share the market in the long term, with U-Com retaining the leading position

Our Companies

Lacell Co. Ltd
Burundi

Cambodia

Macroeconomic Conditions
  • Population (2007 est.): 13,996,000.
  • Capital--Phnom Penh (pop. 1.2 m)
  • Avg. pop. annual growth rate (2007 est.): 1.72%.
  • GDP (2006 est.): $6.6 billion.
  • Annual growth rate (2006): 10.5% (since 2004, the economy’s growth rate has averaged over 10%)
  • Per capita GDP (2005): $448.
  • Exchange rate (2006):
  • 4,114 riel per U.S. $1.
  • Inflation (2006): 5%.
  • 50% of the population is under 20 years of age
Telecom Market Overview
  • Three GSM operators currently rendering services on commercial basis
  • GSM penetration as of end Q2_2007 was 14.2%
  • Market potential by 2012 is estimated - 40% penetration
  • Saturation level – 55%

Our Companies

Latelz Co. Ltd
Cambodia

DRC

Macroeconomic Conditions
  • One of the richest countries in terms of natural resources, DRC is set for recovery as gas, diamond and other mining sectors pick up
  • DRC provides opportunity for scalable growth as the population of 62.9 million drives the economic and social recovery
Telecom Market Overview
  • Subscriber additions are projected to equal ~22.3 million in 2009-2014, a 22% growth p.a. The growth can be projected beyond this period, as the penetration in 2014 is estimated at 43%
  • Zain DRC, Vodacom Congo and Oasis Telecom are expected to dominate the market in the long term
  • The remaining four operators may struggle to maintain their positions and therefore may pursue partnership arrangements internally and internationally
  • Despite the decreases in EBITDA margins and ARPU in 2008-2009, the DRC market remains attractive for the scalable growth prospects

Our Companies

  • Yozma Timeturns Spr.
DRC

Nepal

Macroeconomic Conditions
  • Population (2007 est.): 28,901,790.
  • Capital – Kathmandu (3 districts) (pop. 2.2 million est.).
  • Avg. pop. annual growth rate (2007 est.): 2.132%.
  • GDP (2005/2006): $7.7 billion.
  • GDP (PPP): $41.18 billion.
  • Annual growth rate of real GDP (FY 2005/2006): 2.38%.
  • Per capita income (gross national product, FY 2005/2006): $322.
  • Per capita GDP - $1,500 using purchasing power parity.
  • Inflation rate (2006): 8.6%.
  • Unemployement rate – 42%
  • Labor Force – 11,1 million
Telecom Market Overview
  • Two GSM operators currently rendering services on commercial basis
  • GSM penetration as of end Q2_2007 was 4.7% only (source Wireless Intelligence)
  • Market potential by 2012 is estimated - 29% penetration
  • Saturation level – 67%

Our Companies
Associated with Telia Sonera

NCell (Spice Nepal)
Nepal

Sierra Leone

Macroeconomic Conditions
  • Having improved internal security recently, Sierra Leone is set for economic recovery as investors seek to explore the country’s diamond, gold, bauxite deposits and forestry wealth
  • Sierra Leone’s GDP / Capita is projected to grow by 7.1% p.a. until 2014. This is driven by international financing attracted to the mining industry
  • Economic recovery and socio-political improvements provide grounds for stable operations.
Telecom Market Overview
  • Subscriber additions are projected at ~0.7 million in 2009-2014, a 9% increase. The market may expand after 2014 as ~50% headroom in penetration remains
  • The market is shared among seven operators with Comium, Africell and Zain maintaining >90% of subscribers
  • Competition is intense among top three players, while small operators have only marginal impact on the market dynamics

Our Companies

Intergroup Telecom
Sierra Leone

Tanzania

Macroeconomic Conditions
  • Tanzania, the country with exceptional recovery, has recently taken steps to attract foreign investments, liberalize the economy, and reduce state intervention
  • Tanzania is attractive for it’s large population and for the 8% growth projections in the economy. These growth is supported by investments in mining, financial services and industry
Telecom Market Overview
  • Tanzania is projected to add ~21.3 million customers in 2009-2014. Penetration of 76% in 2014 implies that opportunities for growth will remain substantial
  • The market is highly segmented as eight operators share the subscriber base. Tritel, the ninth player, maintains the license
  • Tanzania is also one of the most competitive markets, with Vodacom, Zain and Tigo capturing >90% of subscribers

Our Companies

Benson Informatics Ltd Benson Informatics Ltd
Tanzania

Uganda

Macroeconomic Conditions
  • Rich in natural resources, Uganda has recovered relatively since stability and peace were achieved in 1986. Further funding from donors is aimed to support the growth
  • With population of 32 million, Uganda is attractive for market potential and growth, and a relatively assured stabilization in the socio-political environment
Telecom Market Overview
  • Uganda, on of the fastest growing markets in Africa, is projected to increase subscriber base by ~20.1 million people in 2009-2014 (the annual growth of 22%)
  • The market is highly segmented as eight operators share the subscriber base. MTN, Zain, Uganda Telecom and Warid share the market currently. Small operators are projected to capture ~13% of subscribers by 2014

Our Companies

Uganda