After the coronavirus pandemic, telecom consumers’ needs have greatly changed. To keep up with the challenge, telecom operators are investing heavily to meet current and future needs and be competitive in the coming years.
Kuwaiti telecom group Zain announced, Wednesday (Nov 30), it would invest US$800 million in its Sudanese operations over the next five years. The investment aims to help upgrade the network infrastructure and deploy new ones to meet the growing demand for digital services.
The investment program comes against a backdrop of accelerated digital transformation, including strong consumer demand for broadband connectivity and the emergence of new digital consumption patterns. Telecom operators are therefore investing in upgrading their networks to introduce the latest technologies and reach more people.
Recently, MTN Group, Zain's main rival in Sudan, signed a partnership agreement with U.S.-based LigaData to accelerate the digital transformation of its operations in the country. The company also has a 10-year partnership underway with Canada's NuRAN Wireless to deploy more than 500 telecom sites in the country’s rural areas.
The announced investment is therefore expected to strengthen Zain’s position in the Sudanese telecom market. For the first nine months of 2022, Zain generated revenues estimated at US$339 million (up 41%) with EBITDA estimated at US$178 million. During the period, the operator’s subscriber base also grew to 16.2 million subscribers.
Isaac K. Kassouwi
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilo...
In Africa, the transformation of food systems has become an urgent issue in the face of rapid popula...
Airtel Africa signed a partnership with SpaceX to launch Starlink Direct-to-Cell satellite connect...
Central bank launches project for real-time transfers across banks and mobile wallets System aims...
Kenya shipped its first mango consignment to the UK on December 20 The move is part of a pilot to open new high-value export markets Less than...
Starlink equipment imports now require military authorization Measure applies immediately despite lack of official justification Decision...
Company is assessing copper recovery at its Bisie North project Metallurgical tests are nearing completion, with results expected soon Tin...
Gold reached a fresh all-time high during trading on December 23 Prices are supported by geopolitical tensions and rate-cut expectations Gold...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...