Amal Group has identified opportunity to enter the telecommunications market which will complement the Group's current businesses.
- The entry to the market has been confirmed by:
- Acquisition of Africaonline / Orbit("AFORB") business.
- Licensing of Amal's special entry for telecommunications, Amtel Ltd., by regulator.
Amtel will be headquartered in Mogadishu with other main regional offices.
The Acquisition of AFORB provides a basic network that can be used to quickly launch Amtel's operations.
Preparations are in advanced stages now for launch of Amtel operations early next year.