Alexander acquires stake in Mozambique company
Alexander Resources International Inc AWS
Shares issued 10,333,465 Apr 13 close $0.70
Wed 14 Apr 99 News Release
Mr. Harry Corrigan reports
The company has acquired a 49 per cent interest in Systemas E Computadores
LDA (Syscom) from Gladiator Technology (Proprietary) Limited, a South
African IT holding company.
Syscom has been issued with a telecommunications licence by the
Telecommunications Institute of Mozambique (INCM), the government
regulatory body.
This licence allows the company to operate as a telecommunications service
provider in Mozambique. The two classes of VSAT licences have been issued,
including microwave of 1.4GHZ and 38 GHZ are data telecommunications
trunking; Internet services; international telephony; video conferencing
services.
Mozambique which covers over 801,590 square kilometres with a population of
over 18 million borders the countries of Tanzania, Malawi, Zambia,
Zimbabwe, Swaziland and South Africa. The region covers over 125 million
people.
In the telecommunications sector Mozambique has just over 60,000 main
telephone lines. In 1997 there were 4.5 million international calls
totalling 15.5 million minutes. The current supplier of communication
services is Telecommunications of Mozambique, which generates approximately
$60-million per year in revenue from the 60,000 main lines. The company
will be taking advantage of the cost-effectiveness of Very Small Aperture
Terminal or VSAT satellite communications system. The advantages for VSAT
are that it gives wide coverage, quick deployment, and is reliable and
flexible. VSAT is capable of supporting the Internet, data, video
conferencing and voice/fax communications.
Alexander will install a centralized processing centre or HUB in the
capital of Mozambique, Maputo which will enable the company to provide
Internet, data and international telephony to the 125 million people of the
region surrounding Mozambique. According to the International Research
Council, only 12 African countries had links to the Internet in 1995; by
1998 52 of the 54 African countries had access. Currently there are 700,000
Africans on the Internet which represent six times the number of users in
all developing countries three years ago.
The company considers the Mozambique licence a significant step in its
objective to become a leader in the communications sector in sub-Saharan
Africa
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