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Within the next few years, we will see a sector dominated by 2 to 3 major players who have the capabilities and capacity to rally massive amounts of capital investment locally and abroad, to sustain the industry’s expansion.
Although the CEO did not particularly elabourate on how he sees this "consolidation" playing out, Business Insider Africa understands that understands that he was suggesting mergers and acquisitions within the telecom sector.
There is simply not a big enough profit pool to meet the return and other financial objectives of a number of industry players.
Citing the US market where the number of registered telcos has reduced 1.6% between 2021 and now due to ongoing consolidations, Mupita argued that the same model should be applied in Africa..
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