Smile Telecom Holdings Ltd launched Africa’s first 4G LTE commercial network in the 800MHz band in Tanzania in 2012. The company has since established it’s footprint in Nigeria and Uganda as well.
The provider plans to expand Smile’s existing 4G LTE mobile broadband networks and services, such that by the end of 2015, it will offer clear voice services and have national coverage comparable to the largest 3G network in each of its current countries of operation.
That is a tall goal. In other words, for example, Smile wants to match MTN’s coverage by December 31st? Oh boy. Plus, the company will be launching voice service too. That is likely to be Voice over LTE (VoLTE).
To achieve that, Smile has raised USD365 million of debt and equity financing. That’s a lot of money, so it is possible that come December, you will be able to roam the country with a Smile mifi or with a Smile SIM in your smartphone.