Mukesh Ambani unveils promising expansion plans for his telecom venture

Asia's richest person plans on bringing one of Reliance Industries' telecoms unit to this country

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Mukesh Ambani unveils promising expansion plans for his telecom venture
Mukesh Ambani sets eyes on Africa for expansion of his telecoms venture. — Reuters/File

Mukesh Ambani, Indian businessman, who holds the title of Asia’s richest man, has revealed his plans for the expansion of the telecoms venture of his Reliance Industries.

According to reports, Ambani, 67, has set his eyes on Africa as he plans to venture into the African telecom market to win mobile broadband customers in a high-growth market.

His Reliance Industries' unit, Radisys, will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo (NGIC), according to Harkirit Singh, the executive director of the unit.

Singh made the revelation ahead of NGIC's launch announcement on Monday in Mumbai, India’s financial hub.

According to The Business Times, NGIC aims to provide 5G broadband services to mobile operators and internet service providers in Ghana.

The company "is based on a premise of building affordable digital services in emerging markets", Singh said.

NGIC holds strategic partnerships with Tech Mahindra and Microsoft to bolster its technological capabilities following an acquisition of two cloud networking firms in 2020.

Ghana is a West African country with a population of just over 33 million, and has three main operators: MTN Ghana, Vodafone Ghana and AirtelTigo.

NGIC, with its strategic partners, technological prowess and its possession of Ghana’s only 5G license, aims to build broadband services at scale, which would otherwise be costly for individual mobile carriers in the region, according to Singh.