Hormuud Telecom plans full 4G coverage by 2023

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Mobile operator Hormuud Telecom plans to increase its 4G telecom coverage to 100% by 2023. Ahmed Mohamud Yuusuf, the company's chief executive officer, announced the program last July 8.

According to the manager, the company's ambition is to further improve people's access to broadband, which offers more opportunities than the 2G that many Somalis are still connected to.

"Increasing access to 4G internet is essential for Somalia to achieve its goal of becoming a cashless economy [...] Access to broadband data is now a human right. It is a fundamental requirement for developing countries to provide vital services such as international aid and remittances, as well as to support day-to-day business activity." The expansion of the 4G network will be more concentrated in rural areas.
In 2019, the Government of Somalia, through its Ministry of Posts, Telecommunications and Technology, adopted a national ICT strategy to make connectivity the bedrock for social and economic development and a pillar for public efficiency.

On 27 March this year, when it was awarded the country's first mobile money license, Hormuud Telecom, which claims to be a pioneer of innovation in the Somali telecoms market, pledged to support the government in its digital ambitions for the country.
With a national 4G coverage, Hormuud Telecom is not only targeting better access to the digital world for Somali populations but also reserves a larger subscriber base that will generate new financial revenues in a market it competes with Golis Telecom, Telesom, SomNet, Somtel, SomLink, and Nationlink.
 

Boqorada

F*ck Your Feelings
Who uses that? Like in what regions? Galmudug mostly I'm guessing. I've never seen it in PL. We use golis and somtel.
 
Who uses that? Like in what regions? Galmudug mostly I'm guessing. I've never seen it in PL. We use golis and somtel.
Hormuud dominates the Telecommunications sector in southern and central Somalia. They got their first mobile money license from the central bank of Somalia earlier this year. This will help Somalia become the world's first cashless economy
 
Who uses that? Like in what regions? Galmudug mostly I'm guessing. I've never seen it in PL. We use golis and somtel.

Golis and Telesom is owned by Hormuud too which is used in SL and PL. The rest of the country uses Hormuud from Galmudug to Jubbaland.

Sheikh Ahmed Nuur Jimcaale the owner of Barakaat Group is the owner of Hormuud, Golis, Telesom, Salaam Bank, Taaj Express, Buruuj Construction, BECO, EVC, Zaad and Daarusalaam city.

 

Periplus

It is what it is
VIP
What are they increasing the share price, are they going to expand out of somaliland region and when are they going enter the Ethiopian markets

Somtel is available across Somalia.

One cannot enter the Ethiopian telecommunications market as its government controlled.
 

Periplus

It is what it is
VIP
How will Somalia be worlds first cashless economy if a lot of people don’t have mobile phones??

According to the World Bank in 2018, 70% of Adult Somalis use mobile money.

 
Golis and Telesom is owned by Hormuud too which is used in SL and PL. The rest of the country uses Hormuud from Galmudug to Jubbaland.

Telesom isn't owned by hormud is owned by Hargeysa based businessman the founder of the company Abdikarem Mohammed Eid who's the CEO of the the company
 
Telesom is 50% owned by Hormud, the rest is owned by locals, same with golis, locals own %50. Thats how Hormud has been able to control the entire telecommunication sector in Somalia. He gives locals an equal share. His only competition is now Dhabshill with there somtel provider, which is %100 owned by Dhabshill.
 

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