07 Sep Cameroon: Investment in telecoms is on the rise despite the slowdown in the economy
It is to be hoped that the telecoms sector in Cameroon does not suffer at all, or suffer very little, from the crisis of commodity prices which currently plagues the six economies of the Economic and Monetary Community of Cameroon. Central Africa (CEMAC). Indeed, while economic activity has generally slowed down in this part of the continent, investments in the telecom sector are doing rather well.
This is at least what reveals the director general (Dg) of the Cameroonian subsidiary of the Swedish equipment manufacturer Ericsson. ” In the Cemac area, we are experiencing these economic difficulties. But, I can tell you that Cameroon is not severely affected. It is doing better than the neighboring countries … In the telecommunications sector, despite these economic difficulties, investment in Cameroon is on the rise. “Reveals Olivier Vandermoten.
According to Ericsson CEO Cameroon, this increase in investment in telecoms, despite a sluggish economic environment, ” can be explained by the fact that companies operating in this sector are supported by their parent companies, which are not exposed to the local environment “ . Similarly, telecom operators ” continue to invest mainly because they are convinced that there are opportunities to be seized “.
In the last three months, for example, the telecoms sector in Cameroon has been particularly busy. It has enriched two new Internet service providers (ISPs), whose penetration rate in the country peaked at 18% in 2016, according to the Internet Live Stats . These new operators have names; Bloosat and GoSat, which have embarked on the market for the provision of satellite internet, through partnerships with Konnect Africa, a subsidiary of the French operator Eutelsat.
Still on the Internet, Vodafone Cameroon, which entered the 4G LTE market in 2016, and which until now has limited its activities to the cities of Douala and Yaoundé alone; has recently deployed in eight other Cameroonian cities, thanks to a network sharing agreement signed in July 2017 with Camtel, the incumbent telecom operator.
In the mobile telephony sector, the main operators, MTN and Orange Cameroon, continue to deploy 3 and 4G technologies across the country, with investments. Same for Nexttel, the 3 rd mobile operator, which announced its arrival on the market of 4G before the end of this year 2017.
On August 25th in Douala, YooMe, former ISP, became a mobile operator by becoming a Camel partner of MNVO (mobile virtual operator). To do this, the new shareholders of this company fell 100% in the sway of Cameroonian investors, had to invest 10 billion francs CFA, reveals Emmanuel Forson, the Dg of YooMe mobile.
Source Agence Ecofin