Vodafone Group Plc FRAMEWORK AGREEMENT-AFRIMAX IN SUB-SAHARAN AFRICA (3052X)

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RNS Number : 3052X

Vodafone Group Plc

18 November 2014

18 November 2014

VODAFONE AND AFRIMAX GROUP ANNOUNCE FRAMEWORK AGREEMENT IN SUB-SAHARAN AFRICA

   --     Vodafone signs new Partner Market agreement with Afrimax in Uganda 

Vodafone and Afrimax Group ("Afrimax") - a 4G LTE telecommunications operator in sub-Saharan Africa - today jointly announced a strategic framework agreement to cooperate and explore opportunities for Partner Market agreements in the region. Also today, Vodafone has announced a Partner Market agreement in Uganda with Afrimax.

Under the non-equity framework agreement, Vodafone and Afrimax will explore potential Partner Market opportunities in a variety of territories in sub-Saharan Africa.

Under the Partner Market agreement in Uganda, the two companies will offer customers voice and data products and services using the 'Vodafone Uganda' brand. Vodafone's multinational corporate customers will benefit from the addition of Uganda to their existing contracts for international managed services.

Vodafone Partner Markets Chief Executive Stefano Gastaut said: "Uganda is an attractive market and we are delighted to welcome Afrimax to our successful Partner Markets community, which already operates in more than fifty countries. We look forward to exploring the potential for further Partner Market agreements in sub-Saharan Africa with Afrimax, under our framework cooperation agreement."

Afrimax management Peter Langkilde, CEO and Rob Philpott, CFO commented: "We are excited about the partnership with Vodafone and the opportunity to work with a brand that is not only passionate about technology, but passionate about people and the impact that technology can have on peoples' lives. The partnership with Vodafone solidifies our ongoing plans to be a leading provider of high speed network services in sub-Saharan Africa."

The framework agreement will complement Vodacom Group's operations in South Africa, Tanzania, the Democratic Republic of Congo, Lesotho and Mozambique and has been agreed in conjunction with Vodacom Group.

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About Vodafone

Vodafone is one of the world's largest telecommunications companies and provides a range of services including voice, messaging, data and fixed communications. Vodafone has mobile operations in 26 countries, partners with mobile networks in 53 more, and fixed broadband operations in 17 markets. As of 30 September 2014, Vodafone had 438 million mobile customers and 11 million fixed broadband customers. For more information, please visit: www.vodafone.com.

About Afrimax Group

Afrimax is led by an experienced Management team with a successful track record in acquiring spectrum, building networks, and operating mobile services in diverse geographic markets, including Africa, and is backed by prominent private investors as well as IFC and AMC, members of the World Bank Group.

With an existing 4G License footprint covering 12 countries, population under License coverage of 222 million, and further Licenses being acquired, Afrimax is building the largest portfolio of 4G wireless broadband networks across sub-Saharan Africa. For more information, please visit www.afrimaxvodafonepartner.com.

About Vodacom Group

Vodacom is a leading African mobile communications company providing a wide range of services including mobile voice, messaging, data and converged services to more than 60 million customers. From its roots in South Africa, Vodacom has grown its mobile operations to include networks in Tanzania, the Democratic Republic of Congo, Mozambique, and Lesotho.

Vodacom also offer business managed services to enterprises in over 40 countries across Africa. Vodacom is majority owned by Vodafone, one of the world's largest mobile communications companies by revenue. Vodacom is listed on the JSE Limited and has a head office in Johannesburg, South Africa.

This information is provided by RNS

The company news service from the London Stock Exchange

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