Halotel reaches double-digit market share in Tanzania
Viettel brand`s Halotel with 3.8 million subscribers has seen its market share reach 10% in Tanzania, according to the latest figures published by Tanzania Communications Regulatory Authority (TCRA).
This means that the two-year-old company has been able to leapfrog some of the players who have been in the market for over ten years.
Halotel reaches double-digit market share in Tanzania.
|
It had a total of 1 million subscribers on its Halo Pesa platform, up from 600,000 active subscribers in last January.
The monumental growth, TCRA stated, was enough to turn Halotel’s Halo Pesa into one of Tanzania’s four most preferred mobile e-wallets in a market of a total six players.
Halotel’s management attributes the growth to the massive investments that the company has made during the two years of its operations in the country.
In Tanzania, there are over 40 million subscribers using a mobile money platform, generating 95 million transactions every month with the total value of US$1.6 billion. Specifically, 32% of Tanzania’s population use mobile e-wallets for daily transactions, while only 2% have bank accounts.
Last year, Halotel has won the international Stevie Award 2017 as the fastest growing enterprise in the Middle East and Africa, thanks to its US$800-million investment in the country. The company boasts of building one of the largest telecommunications infrastructures in Tanzania, helping it to cover almost 90% of the population.
Since its appearance in Tanzania in October 2015, in less than 3 months, Halotel had managed to reach 1 million subscribers and went up to 2 million subscribers in the next 9 months.
This was the highest grow rate among all of Viettel’s markets (including Vietnam and abroad), said Nguyen Van Son, Halotel Deputy Managing Director at the award ceremony.
The International Business Awards (Stevie Awards) is one of the world’s leading annual awards to honor the achievements and positive contributions of businesses and individuals around the globe to the benefit of the community, including IT and telecommunications. To be honored, candidates undergo a scrutiny of 200 judges who are mostly chief executive officers and world-renowned entrepreneurs.
21:45, 2025/01/15
Hanoi seeks 5% export growth in 2025
The city’s total import-export turnover reached US$60.1 billion in 2024, up 11% year-on-year.
08:41, 2025/01/11
Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
Numerous Vietnamese projects in various sectors have effectively contributed to Laos' development, creating jobs and improving the livelihoods of tens of thousands of local workers.
22:19, 2025/01/09
Hanoi's foreign trade turnover hits US$60.1bn in 2024
The city will continue to support businesses in exploring new markets, capitalizing on the Free Trade Agreement of which Vietnam is a member.
11:46, 2025/01/09
Vietnam confident of achieving 8% growth rate in 2025
Key drivers of Vietnam’s growth include institutional reforms and decentralized governance.
14:34, 2024/12/26
UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
Vietnam, in particular, will gain further access to a high-quality market, complementing its connections with Japan, Canada, and Australia.
16:41, 2024/12/16
Hanoi seeks greater efficiency in e-commerce tax management
Hanoi's e-commerce tax administration is expected to be significantly tightened in the near future.