Newly licensed wireless operator Swazi Mobile is expected to share tower infrastructure with incumbent MTN Swaziland, the latter’s CEO, Ambrose Dlamini, has informed local media outlets. The cellco expects to launch 2G, 3G and 4G services simultaneously in July, and has disclosed plans to invest SZL600 million (USD44.8 million) in its networks over the course of the next five years.
The newcomer, which is headed by local tycoon Victor Gamedze, was awarded a concession by the Swaziland Communications Commission (SCCOM) in December 2016, fending off competition from locally-owned SDnet (a tie-up between Data Net and Ndlaphu Financial Services), and international telecoms providers Viettel Group and Orange-backed Mauritius Telecom.
Going forward, Swazi Mobile seeks to sell a 33.3% stake via an initial public offering (IPO) on the Swaziland Stock Market later this year. Following the share sale, Mr Gamedze and Michelo Shakantu, boss of the Inyatsi Construction Group will each hold a roughly 33.3% stake in the business.