Voda­fone re­struc­tured, new share­hold­ers to take over soon

Zambian Business Times - - FRONT PAGE -

Voda­fone Zam­bia Act­ing Chief Ex­ec­u­tive Of­fi­cer – CEO Gil­bert Temba con­firmed that Voda­fone is cur­rently be­ing re­struc­tured and will soon be an­nounc­ing its new CEO af­ter the exit of its first CEO Lars Stock.

Temba has also con­firmed that all Voda­fone em­ploy­ees will be paid their salary ar­rears as soon as the com­pany con­cludes its tran­si­tional plan. He said it is a pri­or­ity for Voda­fone to en­sure that its staff are paid their dues, and that in­for­ma­tion has al­ready been com­mu­ni­cated to all to this ef­fect.

In an ex­clu­sive in­ter­view with the Zam­bian Busi­ness Times – ZBT on the morn­ing of 11 June, Temba stated that Voda­fone staff re­main pas­sion­ate about driv­ing busi­ness for­ward. He fur­ther said that busi­ness at the in­sti­tu­tion has con­tin­ued to ex­pe­ri­ence sta­bil­ity and growth as cus­tomers are join­ing the net­work on a daily ba­sis.

“Our av­er­age rev­enue per user (ARPU) re­mains un­changed, our sub­scriber base and credit us­age con­tin­ues to grow. Busi­ness con­tin­ues as usual” Temba said.

He also said Voda­fone will an­nounce the new CEO and other struc­tural changes in­clud­ing new own­er­ship of the Zam­bian op­er­a­tion, when the board con­cludes its de­lib­er­a­tions, as no time-frame has been at­tached to it yet.

Temba fur­ther clar­i­fied that Lars Hendrik Storks res­ig­na­tion was part of a tran­si­tion plan, that was agreed upon over 2 years ago. Storks (67), re­tire­ment was an­nounced on Wed­nes­day, June 6, 2018 by the cur­rent Board Chair­per­son.

The Board and Man­age­ment thanked Lars Stork for his ser­vice to the com­pany and wished him the best in his fu­ture en­deav­ors. Voda­fone Zam­bia is one of Zam­bia’s largest ISPs and was re­cently granted author­ity by the Reg­u­la­tor ZICTA to start pro­vid­ing LTE ser­vices in Zam­bia.

Voda­fone is famed to have dis­rupted the Zam­bian mo­bile in­ter­net and data ser­vices when the com­pany launched the first su­per-fast ser­vices when ma­jor mo­bile net­works such as MTN and Air­tel were pro­vid­ing rel­a­tively slower ser­vices.

It is the dis­rup­tion that Voda­fone in­tro­duced on the Zam­bian mar­ket that have been praised to have ig­nited and made all mo­bile in­ter­net and data play­ers in Zam­bia to im­prove on data/in­ter­net down­load speeds and ser­vice lev­els.

With the Voice over IP li­cense granted to Voda­fone, many await to see the play­out of the data based route that the tele­com has taken to pen­e­trate the mar­ket. The mo­bile ser­vice provider has over 350,000 sub­scribers and with the com­ing of UZI, Zam­bia’s data land­scape and com­pe­ti­tion in the sec­tor is set to widen and cause more price dis­rup­tions. Zam­bia’s li­cens­ing frame­work was last year con­verged and ap­proved by the Min­istry of Com­mu­ni­ca­tions in a step to ex­ter­mi­nate bar­ri­ers to en­try that saw re­stric­tions col­lapsed. This was a repli­ca­tion of the East African model that has aided to lower op­er­a­tional costs in the sec­tor.

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