Hormuud Telecom
 Hormuud Telecom Logo | |
| Company type | Private |
|---|---|
| Industry | Telecommunications |
| Headquarters | Mogadishu, Somalia |
Key people | Ilyas Mohamed Osman, CEO |
| Products | GSM fixed line Retail banking mobile banking |
| Brands | |
Number of employees | +5,000 (2016)[1] |
| Website | www |
Hormuud Telecom Somalia Inc. is a privately held telecommunications company based in Mogadishu, Somalia.
History
Hormuud Telecom was founded by Ahmed mohamud yusuf in April 2002.[2] It currently has 5000+ permanent employees and a varying number of temporary staff.
The company provides mobile service (GSM), landlines and mobile linked internet services (such as Mifi4G, Adsl,W-dsl and Hotspot).
Stockholders
More than 9,000 Somali investors have shares in Hormuud Telecom.[3]
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.[3][4]
Around 45% of the firm's personnel are engineers.[3]
Products
Transportation
Recently, Hormuud started deploying thousands of three-wheeled motorcycles, known as Bajaaj, as a taxi in Mogadishu, the capital of Somalia. This has displaced thousands of poor families who owned their Bajaaj for basic livelihood, education for their children, and support extended to families. These families worked twenty-four hours a day...families with three to four adults, including women, who take shifts to meet their basic needs. Now, similar to what the New York City taxi service offered prior to Uber and Lyft, where drivers had to drive eight hours to pay the daily fee for renting a taxi, Hormuud charges these families ⅓ of their income for driving their Bajaaj. Hormuud has taken over almost every sector of the economy, and in doing so destroyed the livelihood of millions of poor families.
Milk
Hormuud has taken over poor families' market for selling milk from their 1-2 goats or cows. Hormuud works with local governments to put undue restrictions on these families. Families gave up and must sell their milk to Hormuud who then sells in the markets. This helped decreasing extreme poverty in Somalia.
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.[5]
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.[6]
See also
References
- ^ "Leading Telecommunication Providers in Somalia". Hormuud Telecom. Archived from the original on 2014-10-25.
- ^ "Somalia: Public land in and around Mogadishu airport misused". Garowe Online. Retrieved 5 July 2018.
- ^ a b c "Somalia's Hormuud rings up telecom profits despite anarchy". Reuters. 13 November 2013.
{{cite web}}: Missing or empty|url=(help) - ^ "Hormuud Telecom Extends Microwave Backbone Through Addition of Harris Stratex Networks Technology". PR Newswire. Retrieved 23 October 2014.
- ^ "Somalia gets 3G mobile service". Shabelle Media Network. 30 December 2012. Archived from the original on 8 January 2013. Retrieved 23 October 2014.
- ^ "Hormuud, Somtel, Nationlink sign interconnection deal". TeleGeography. 23 July 2014. Retrieved 23 October 2014.