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Netxcell in JV with Kenyan company
19 February 2010: Netxcell, a value-added services (VAS) provider for telecom companies, has set up a JV company with the Kenya based company AquaSanTec to explore the $220-million VAS opportunity in the African continent.
The 51:49 JV to be headquartered at Mauritius will initially target seven countries including Kenya, Uganda, Tanzania, Rwanda and Sudan.
Though AquaSanTec has been into water and sanitation business, their local presence is likely to help Netxcell set up base and understand the local market well.
Source: Hindu Business Line