PRESS RELEASE
25tH March 2009 Africa Mobile announced today that it was seeking to raise 200Mln USD thru a private placing . It has started negotiations with banks , financial advisors and private equity firms , The capital raised will be applied towards expanding operations across its core market which is 40 african countries With a projection of 5Mln subscribers and a a ARPU of 100Usd . Africa Mobile is well capable of meeting any obligations created thru the funding Africa Mobile seeks a combination of equity , debt instrument and mezzaine capital Africa Mobile is a global roaming MVNO offering voice and data roaming services thru the concept of one sim card works in 150 countries , It operates thru distributors in 40 african countries and has projected subscribers base of 5Mln For further information Please Contact F.Senge Africa Mobile Email > fsenge@africamobile-09.com
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