India's Reliance Communications has announced acquisition of Uganda based Anupam Global Soft, a company holding Public Infrastructure Provider License (PIPL) and Public Service Provider License (PSPL) issued by Uganda Communications Commission. The company says that following the acquisition - for an unspecified amount - it plans to spend up to US$500 million on building out the telecoms network.
Under the existing Licenses, Reliance Communications targets to offer Mobile, Fixed Line, Internet, National and International Long Distance services, in addition to WiMax and Wi-Fi services in Uganda.
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This company has received Spectrum allocation and plans to launch its Mobile services by end of 2008.
Punit Garg, President, Global Business, Reliance Communications said, “Uganda telecom market is similar to what India was 8 years back. Our expertise in managing among worlds largest integrated telecom network, and deep understanding of diverse consumer segments makes us confident to achieve a significant position to add further value for our 2 million shareholders.”
Reliance Communications says that it has ambitious global expansion plans and is concentrating on opportunities in emerging Asian and African markets.
Figures from the Mobile World database note that the population penetration level in Uganda had reached 13.3% at the end of September - compared to the 10% figure reported by Reliance for the end of last March.
Source: Cellular News.