The service industry currently represents more than 30% of world trade. As a result, sophisticated telecommunications networks have become the central nervous system of the new global economy. Although still dominated by voice communications; telecommunications networks, data traffic and internet access are rapidly gaining in usage.
Today, Africa has the world’s most rapidly growing market for mobile telephony. In addition, African governments are privatizing and liberalizing their telecommunication markets to encourage investment and growth.
In Africa and the Caribbean the telecommunications sector is growing at a remarkable rate of 50-60% per annum. Almost 90% of all African telephone users are subscribers to mobile service. Market penetration, however, is just over 20%, leaving enormous potential for substantial additional investment.
With contacts in many countries, GoodWorks offers our clients market research and business analysis in the telecommunications sector as well as other related industries. Our expert staff provides the latest market data, such as industry forecasts, projections, trends, market shares, research and development, sales and marketing strategies, and competitive analysis to ensure our clients are properly positioned to meet the challenges and take advantage of this growing sector.
GoodWorks has successfully developed and brokered the creation of the Private Equity Fund for Telecommunications Development. We partnered with Alliance Capital Fund of New York and raised private capital for this $350 million equity fund dedicated to the development of Africa’s telecommunications sector.