Mobilis to spend USD1.7 billion in quest for 45% market share

24 Jul 2012

Saad Damma, CEO of Mobilis, says that his company will invest DZD142 billion (USD1.7 billion) over the next five years in order to upgrade its infrastructure and increase its share of the Algerian mobile subscriber market to 45%. At the end of March 2012 the cellco claimed a 26.8% share, some way behind market leader Djezzy with 49.4%. Mobilis will provide 87% of the finance required from its own funds, while the rest will be funded through bank credits. The spending will see a move to an all-IP network, as well as boosting the number of base stations from 5,200 to 9,000 within five years. The company’s backhaul network will meanwhile be expanded to support increased data services, and a new customer support centre will open in Sidi Abdallah.