Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Sep 20, 2019

Vodacom Tanzania Warns SIM Card Directive Could Hurt Operations

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
MSCI World
--
Pritika Auto Industries Ltd
--
Space Incubatrics Technologies Ltd.
--
TMT (India) Ltd.
--
Lawreshwar Polymers Ltd.
--

(Bloomberg) -- Tanzania's largest telecommunications operator, Vodacom Tanzania Ltd., warned that a government directive for the registration of all SIM card owners before the end of the year could affect its operations negatively.

The Tanzania Communications Regulatory Authority told operators it will not extend the deadline even with only 12% of the East African nation's subscribers currently registered, according to Vodacom. The company has listed only 2 million of its 14 million users.

“This directive has significant implications for costs and could potentially lower our customer base growth next year,” Vodacom Managing Director Hisham Hendi said in an emailed statement. “It's a big challenge for us.”

Vodacom has 33% market share, followed by Millicom International Cellular SA's Tigo brand and Bharti Airtel Ltd.'s unit.

To contact the reporter on this story: Ken Karuri in Dar es Salaam at kkaruri@bloomberg.net

To contact the editors responsible for this story: David Malingha at dmalingha@bloomberg.net, Helen Nyambura, Jacqueline Mackenzie

©2019 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search