Vodacom invests $76mn in Tanzania
- Published on 15 June 2012
Cellular network operator Vodacom plans to invest $76.97 million this year alone in its Tanzanian business, to expand its operations in that country.
This is according to Rene Meza the company’s managing director who said the company had finished a network upgrade in March this year.
“We are planning a further $76.97 million investment in upgrading the network later this,” he said.
Meza added that Vodacom Tanzania would also contribute some $88 million to the country’s taxes this year.
This adds to the $443 million tax money it has already contributed to the country over the years.
Earlier this year the South African operator reported that Tanzania’s subscriber numbers had increased to 9.665 million users for the period ended in March 2012.