Africell trio pass the five million subs mark; seeks two new markets for expansion
Africell Holding, itself owned by Lebanon’s Lintel Holding, has announced that its three active mobile subsidiaries – Africell Gambia, Africell Sierra Leone and Africell Republique Democratique du Congo – had notched up a consolidated subscriber base of around 5.37 million by 30 June 2013, up from three million at the end of 2012.
The bulk of the growth has been driven by Kinshasa-based Africell RDC, which launched commercially in November 2012, and has already secured 2.40 million customers, more than each of its longer-established sister companies; at end-June the Gambian unit claimed 1.07 million customers, while the Sierra Leone operation accounted for 1.90 million users.
Going forward, Africell expects to grow its user base to around seven million by end-2013 and ten million by 31 December 2014. Africell Holding also noted that it is ‘actively looking to expand into a minimum of two new markets within the next two years’, although it declined to outline any potential targets.