Reliance Communications is planning to invest over $200 million to start mobile services license in Uganda, according to sources. A company spokesperson confirmed that it is looking at a lot of new markets including Uganda.
The company has entered into an agreement with a local Ugandan operator and has received public infrastructure services licence and public service provider licence in the country, sources said.
Reliance Communication is planning to build infrastructure and provide mobile, fixed, internet, NLD, ILD, Wi Max and Wi fi services in Uganda. The company would use its internal accruals for investments in the Ugandan market, sources said.
When contacted a Reliance Communications spokesperson said the company is looking for licenses and participation in emerging markets including Uganda.
Mobile Penetration in Uganda is stands at 9 per cent as against 40 per cent in other African countries. Reliance Communication has experience and expertise in both GSM and CDMA mobile services; and also operates one of worlds largest ILD and NLD networks.
Reliance has intention to enter emerging Asian and African market as it wants to have a global presence before the Indian market saturates.
Earlier, the company had made unsuccessful bids for licenses in Kenya and Saudi Arabia.