Halotel Tanzania Public Limited Company put on a spirited growth momentum during the last quarter of 2017 to grasp a double-digit market share, latest figures show.
Latest figures, published by Tanzania Communications Regulatory Authority (TCRA), show that Halotel’s voice subscriber numbers notched nearly 4 million as of December 2017 in a competitive market where seven players scrambled for a share of 40 million Subscriber Identification Module (SIM) cards.
That was a comfortable leap from 3.7 subscribers that the two-year old telecommunication firm held as of September 2017.
With the 3.8 million subscribers, Halotel’s market share reached a double-digit level of 10 per cent from nine per cent in 2017.
This means that the two-year old company has been able to leapfrog some of the players who have been in the market for over ten years.
Similarly, the company managed to raise its share of mobile money to four per cent during the last quarter of 2017, jumping from a mere two per cent as of September 2017.
It had a total of 1 Million subscribers on its Halo Pesa platform, up from six hundred thousand active subscribers in January this year.
The monumental growth was enough to turn Halotel’s HaloPesa into one of Tanzania’s four most preferred mobile money platforms in a market of a total of six players.
Halotel’s management attribute the growth to the massive investments that the company has made during the two years of its operations in the country.
“Ours remains the fastest growth rate to have been registered by any telecommunications company in Africa and beyond…” We have invested a lot during the two years and the growth is just testament to the money that shareholders have injected into the company,” Said Mhina Semwenda Halotel’s Head of Communications.
Apparently, it was in recognition to such an epic growth rate that organizers of the International Business Awards (Stevie Awards 2017) recently named Halotel Tanzania as the "Fastest Growing Enterprise in the Middle East and Africa in 2017.
The company, according to Semwenda has invested about $800 million (about Sh1.7 trillion) in network expansion and improvement in Tanzania since October 2015, and aiming to invest more on 4 G LTE and New ICT solutions this year.
The company boasts itself for building one of the largest telecommunications infrastructure in Tanzania, helping it to cover almost 90 per cent of the country’s population.
Launched in October 2015, Halotel managed to register about one million subscribers in a period of about three months.
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