Smart Telecom Company has made a budget of $300 million (about Shs808 billion) to expand its telecommunication networks cross the East African countries of Tanzania, Uganda and Burundi over the next five years.
Smart Telecom, which launched operations in Uganda in March this year, says there is potential market for telecommunication services in Uganda and the East African region as a whole, which requires companies to keep expanding and coming up with new products.
In a dialogue with journalists at their offices in Kampala recently, Mr Abdellatif Bouziani, the group chief executive officer Smart Telecom, said: “We are going to spend $300 million over the next five years to bring the latest technology to expand our telecommunication services especially data network services in Uganda, Tanzania and Burundi.”
Mr Abdellatif said advancement in technology is taking place in the telecommunication system with telecommunication systems shifting from mobile telephony to data telecommunication.
“Telecommunication systems are shifting from voice telephone to data, this is where modern telecommunication requires advanced technology /infrastructure to provide a high quality services to the general public,” he said.
Giving insights on the market in the region, Mr Abdellatif said since launching its operation in Uganda, the market has been responsive and Smart Telecom market share is steadily growing in Uganda and the sister countries in East Africa.
“In Uganda, we have 100,000 subscribers, in Tanzania 400,000, and in Burundi 180,000 subscribers. We continue to make our services cheap, more effective and efficient,” he said.