“Africa Mobile Networks” (AMN) i.e. builds and sustainably operates mobile network base stations in sub-Saharan Africa, connecting the unconnected rural population
AMN builds and sustainably operates mobile network base stations in sub-Saharan Africa, connecting the unconnected rural population, which represents 200-300m people and is forecast to double by 2050.
Many African countries have good mobile network coverage in cities but not in rural areas, because operators are unable to economically serve populations of less than 10,000 people due to high mobile tower capex and opex costs.
AMN’s technology is optimised for rural Africa, combining low power BTS transmitters with VSAT satellite technology directing traffic onto an existing network, and using solar panels to power the systems.
AMN has elite partners. Africa’s largest telecom operators, Orange and MTN, have stated that AMN is their rural solution, providing live contracts in the largest target markets. The European Investment Bank will provide 50% of the company’s total capex through debt, and Facebook has backed the company through a US$12m cash grant initially and bespoke proprietary software.
AMN has announced the win of its most significant commercial contract to date, being with Africa’s largest mobile network operator, MTN, for a further 15 new countries for AMN to roll-out within.The company has secured significant investment of US$4m from a Harwell Capital Family Office investor, and over $5m in this funding round, in addition to further grant funding from one of its global strategic partners, Facebook, of US$1.9m.Facebook’s funding to support 4G roll-out is in addition to c.US$12m already received from Facebook, ahead of which AMN has already reached operational milestones with recent growth of 34% in active subscribers from 51,500 to 68,800.