i2 expands Angolan operations
Mobile operator aims to strengthen its African business with new retail and distribution channels
Saudi Arabian mobile operator i2 is planning to increase its distribution and retail business in Angola, as part of its expansion in Africa.
The company intends to increase its retail network to reach all available points-of-sale for mobile phones in Angola. The company, which established its first retail outlets in Angola last month, intends to gain a foothold in most of the country's large cities within the next two years.
"i2's core business will always remain distribution of Nokia handsets, therefore we will ensure we continue to develop the infrastructure in Angola within that perspective," Hameed Al Sunaid, CEO, i2, said. "We are aiming on being the leader in terms of market share.
"Our team has worked hard over the past years to ensure a successful growth for i2. Africa is a huge intact market for us, having recently opened our head office in Johannesburg to oversee all our African operations, we saw Angola as a huge potential," Al Sunaid added. "Angola is an ideal place for i2 particularly with our strategic development and interest in the African region."
Angola offers significant potential for i2. The country has a population of more than 12 million, and had a mobile penetration rate of 24.5% at the end of 2006. Between 2005 and 2006, mobile penetration increased by almost 84%, according to i2.