Hormuud Telecom

Hormuud Telecom
Private
Industry Telecommunications
Headquarters Mogadishu, Somalia
Key people
 Ahmed Mohamed Yusuf (CEO)
Products GSM
fixed line
Retail banking
mobile banking
Number of employees
 +5,000 (2014)[1]
Website Official Website

Hormuud Telecom Somalia Inc. is a privately held telecommunications company based in Mogadishu, Somalia.

History

Hormuud Tower, the company's headquarters in Mogadishu

Hormuud Telecom was established in April 2002.[1] The company is based in Mogadishu, the national capital situated in the south-central Banaadir province.[2] It is led by Ahmed Mohamed Yusuf, who serves as the company's CEO.[3]

In the 2010s, Hormuud launched a special ZAAD service for money transfers. The Al Shabaab militant group threatened to shut down the service in 2010 on the grounds that it was a simple way to channel funding to the former Transitional Federal Government (TFG).[4]

As of 2014, Hormuud has 2 million subscribes, making it one of the largest telecommunication operators in Somalia.[5] Its main rivals are NationLink Telecom and Telecom Somalia. Smaller competing operators include Telenet International and Somafone.[6]

Stockholders

More than 5,000 Somali investors have shares in Hormuud Telecom.[5]

Staff

Hormuud employs more than 5,000 full-time and part-time staff with different specialties. Among these workers are telecommunication engineering, customer service, sales and marketing, and finance specialists.[5][7]

Around 45% of the firm's personnel are engineers.[5]

Products

Tri-Band 3G

In December 2012, Hormuud launched its Tri-Band 3G service for mobile and internet clients. The first of its kind in the country, this 3G mobile telecommunications technology offers users a faster and more secure connection.[8]

Interconnection

In July 2014, Hormuud Telecom along with NationLink and Somtel signed an interconnection agreement. The cooperative deal will see the firms establish the Somali Telecommunication Company (STC), which will allow their mobile clients to communicate across all three networks.[9]

See also

References

  1. ↑ 1.0 1.1 "Leading Telecommunication Providers in Somalia.". Hormuud Telecom.
  2. ↑ "Leading Telecommunication Providers in Somalia.". Hormuud Telecom.
  3. ↑ "Telecom Firms Thrive in Somalia Despite War, Shattered Economy". The Wall Street Journal. 11 May 2010. Retrieved 23 October 2014.
  4. ↑ "Telecoms firm draws militia’s ire in Somalia". Hiiraan Online. 26 June 2012. Retrieved 23 October 2014.
  5. ↑ 5.0 5.1 5.2 5.3 "Somalia's Hormuud rings up telecom profits despite anarchy". Reuters. 13 November 2013. Retrieved 23 October 2014.
  6. ↑ "Somali mobile phone firms thrive despite chaos". Reuters. 3 November 2009. Retrieved 23 October 2014.
  7. ↑ "Hormuud Telecom Extends Microwave Backbone Through Addition of Harris Stratex Networks Technology". PR Newswire. Retrieved 23 October 2014.
  8. ↑ "Somalia gets 3G mobile service". Shabelle Media Network. 30 December 2012. Retrieved 23 October 2014.
  9. ↑ "Hormuud, Somtel, Nationlink sign interconnection deal". TeleGeography. 23 July 2014. Retrieved 23 October 2014.

External links