ZoomMobile reveals future plans (Nigeria)
Zoom Mobile, has forecasted revenues of NGN4.6 billion for 2008 and rising to NGN7.9 billion in 2009, NGN16.1 billion in 2010 and NGN19.7 billion in 2011. The company planning to raise additional funding through an IPO. ZoomMobile announced that it currently has around 1.5 million active subscribers. Network coverage includes 62 cities and 350 villages and the company plans to have a presence in all 774 local government areas by the end of 2008.
