The Evolving Telco Sector, The Gap For Emerging Providers
memburn, Monday, July 22nd, 2024
The African telecommunications landscape is undergoing a shift, with consolidation among larger players creating space for emerging operators.
This trend coincides with the booming mobile financial services market, presenting exciting prospects for smaller telcos.
Shifting focus for established telcos
Robert van Breukelen, CEO of Itemate Solutions, observes a strategic shift among established telecom companies.
As mobile money accounts in Africa surpassed 435 million by the end of 2023, these larger players are increasingly focusing on financial services like banking, loans, and insurance.
This diversification allows them to tap into a lucrative market while neglecting underserved segments.