Warid Telecom has crossed the 10 million subscribers mark in the country. The company has invested over $150 million (Shs255 billion) into its operations and plans to take its total investment in network, services delivery and manpower to over $400 million (Shs680 billion) before 2010.
The company is simultaneously rolling out its network in Congo Brazzaville and also scheduled to be launched by April this year. In 2005, Warid also launched its telecommunication services in Pakistan using the same brand name. Within about three months of its launch Warid Pakistan claims to have attracted more than 1 million service users, a private channel reported.
Warid Telecom next week, plans to unveil the company to the public through a live feed on television. In September last year, Warid one of the three new telecommunication players tested the effectiveness of its network and announced the commercial launch anytime.
The company officials said, it would launch its services as soon as the entire infrastructure is ready. Telecommunication market analysts have predicted the prices of telecommunication services to dive further from the current level once Warid and other Telecom giants start their commercial operations this year.
The Telecom companies besides remitting close to Shs300 billion to the treasury in taxes, are also providing quality service to the subscribers. The entry of new mobile subscribers could also see the amount of taxes from the telecommunication sector to double in less than 5 years.