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Africa
Monday, May 3 2004
Vodacom Nigeria will change of the network identification of Econet
Nigeria to VEE NETWORKS. The company’s Board of Directors has approved the
new name, which has equally been endorsed by shareholders. The Corporate
Affairs Commission has approved the new name and has issued a Certificate of
Change.
The changes saw the appointment of former acting chief executive officer CEO,
Boye Olusanya as substantial deputy CEO. After Willem Swart, former CEO of
Vodacom Congo , was named Managing Director of Vodacom Nigeria.
A statement from the Vodacom headquarters said that these changes are in
line with the new direction that is being set for the company following the
signing of a five year management pact between Vodacom Pty. of South Africa
and the former Econet Wireless Nigeria Limited.
Other players in the market are likely to respond to Vodacom’s moves with
corresponding price cuts and other customer drawing incentives. Already
MTN’s on-going price slash promo is seen by market watchers as a preemptive
measure to pull the rug out from under the financially stronger Vodacom
before it could find its feet in Nigeria.
PSB was pioneered by the Globacom which other networks had earlier tag a
no-go area in spite of the public outcry for the billing system. As soon as
Globacom came in with more consumer friendly tariff plan on its GSM products
other networks followed suit.
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