Vodafone Group Plc EXTENSION OF PARTNER MARKET AGREEMENT WITH AFRIMAX

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Vodafone Group Plc

23 September 2016

23 September 2016

VODAFONE EXTENDS PARTNER MARKET AGREEMENT WITH AFRIMAX TO CAMEROON

Vodafone and Afrimax Group ("Afrimax") - a 4G-LTE telecommunications operator in sub-Saharan Africa - today jointly announced a new non-equity Partner Market agreement for Cameroon.

The two companies will launch LTE data services under the 'Vodafone Cameroon' brand initially in Cameroon's two biggest cities, Douala and Yaoundé.

The roll out of Vodafone Cameroon for consumers and businesses will include the opening of Vodafone branded retail stores and kiosks in key locations, supported by a network of distributors and resellers offering an attractive range of LTE handsets and devices.

Vodafone Cameroon will offer small and medium enterprises a range of connectivity products including LTE and Wi-Fi mobile data services, fixed Internet and a suite of office solutions available at retail and through direct sales channels.

Vodafone Partner Markets Chief Executive Diego Massidda said: "The next stage in our agreement with Afrimax for sub-Saharan Africa brings Cameroon to the Vodafone Partner Market family. I am delighted that consumers and businesses in Cameroon will now experience Vodafone's high-speed data services."

Antoine Pamboro has been appointed by Afrimax as Chief Executive Officer of Vodafone Cameroon, which will be headquartered in Douala. Afrimax Group Management Peter Langkilde, CEO and Rob Philpott, CFO commented: "Launching Vodafone Cameroon is an exciting development for Afrimax and another big step towards our ambition of building the leading LTE-focused operator in sub-Saharan Africa."

The launch in Cameroon builds further on the framework agreement between Vodafone and Afrimax, announced in November 2014, to co-operate and explore potential Partner Market opportunities in a variety of territories in sub-Saharan Africa. As part of the agreement, Vodafone and Afrimax have already partnered to launch LTE services in Uganda and Zambia.

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About Vodafone Group

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 51 more, and fixed broadband operations in 17 markets. As of 30 June 2016, Vodafone had 465 million mobile customers and 13.7 million fixed broadband customers. For more information, please visit: www.vodafone.com.

About Vodafone Partner Markets

Vodafone's Partner Markets team works to form strategic alliances with operators all over the world, partnering to offer a range of global products and services that extend Vodafone's reach into local markets. Vodafone Partner Market agreements vary from roaming and service resale to full partner branding. Established in 2002, Vodafone Partner Markets now partners with 34 companies in 51 countries.

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 and institutional investors.

With an existing 4G Licence footprint covering 12 countries, population under Licence coverage of 250 million, and further Licences 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 23, 2016 02:00 ET (06:00 GMT)