Vodafone Group Plc (ADR) (NASDAQ:VOD) group Tanzania aims rigorous expansion in 2015-16. Georgia Mutagahywa, Head-In-Charge of Vodacom Tanzania opinionated that the company is likely to make an investment amounting to $100 million.
Aims And Plans
Mutagahywa conjectured that it is the holistic rural population which will bring growth to the company in the upcoming decade. Hence, the investment and revolutionary steps for betterment in Tanzania are focused, targeting the rural classes. The operator is hopeful of augmenting the holistic subscriber base pertaining to mobile money service offered. The service is dubbed as M-Pesa and the company hopes to better its portfolio in luring customers to M-Pesa by 25%, till the end of 2015.
Despite Mutagahywa claiming outright, Vodacom Tanzania is not launching 4G services anytime soon. Rollout shall emerge and commence, only when the company acquires spectrum. The company is working towards modernization of the inherent transport and core network, working towards preparation of LTE services for full time spectrum availability.
Focus On Rural Coverage
There is a number of reports shared previously. It is evident that the focus on spending $100 million as investment is an updated figure from $79.7 million reported in February 2015. Vodafone Group Plc (ADR) (NASDAQ:VOD) had robust plans to duly upgrade 2G or 3G networks with key focus on expanding and bettering rural coverage. Thereby the company ponders on partnering with the Tanzania government in developing agricultural activities.
Rene Meza, the Managing Director at M-Pesa mobile money stated that the company shall review and opt for renewed investment. The company has already served a base of 6 million users till date. Vodafone’s plans to embark on a holistic outreach of its 2G, 3G and thereby 4G services across all kinds of socio-economic classes in Tanzania. It has robust plans and the urge to implement, solidify its base and ameliorate its reach across the nation.
