Vodacom plans US$100 million CAPEX in the coming couple of years

Vodacom Tanzania plans to invest US$100 million through 2012 and 2013 to boost its network coverage and the addition of more mobile services, according to Rene Meza, the company’s MD.

"The company’s growth is based on the fast expanding subscriber list, mobile financial services arena and voice services, and these are appropriate for an emerging economy like Tanzania," he told local media.

The US$100 million investment is set to cover the growth in network coverage capacity, recruitment of agencies, expanding M-pesa services, new technologies and the offer of new corporate solutions.

Vodacom recently signed a five-year contract with Nokia Siemens Networks to upgrade its network.