Mobiserve plans regional expansion
Egyptian telecom infrastructure player plans expansion drive in Middle East and Africa
Mobiserve, a telecom vendor and systems integrator based in Cairo, is planning to expand into Oman, Yemen, and North and West Africa in the next couple of years.
"In the next two years our strategy is growth, growth and growth again," Sameh Atalla, CEO, Mobiserve, told CommsMEA. "So we are thinking of expanding geographically."
He said the company would soon be moving into Tanzania, after recently opening an office in Nairobi to serve Kenya, Burundi and Central Africa.
"We are looking into Oman, Yemen, Libya and more and more at Africa. We are considering several opportunities in West Africa, so we are keeping our eye open to the best business case there, and we will probably be opening some more offices there by next year."
Atalla said that he expected the expansion plans to increase the company's revenues by between 15% and 20%. Mobiserve currently has revenues of about $180 million a year.
"Our financial position is quite strong and we will just be picking the best opportunities and go with them.
"The choice is made according to the business case, the need for us to be there. We need to go somewhere where we can make a difference and add value," he said.
Mobiserve, which started operations in Egypt in 1999, is now present in nine countries including Algeria, Tunis, Morocco, UAE, KSA, Pakistan and Bangladesh. The company's most recent office openings were in Saudi Arabia, Morocco and Kenya.