Mdundo starts partnership with Vodacom Tanzania

4.1.2021 13:59:00 CET | Mdundo.com A/S |
Selskabsmeddelelse
Et vigtigt element i realiseringen af Mdundos vækststrategi er partnerskaber med teleselskaber på tværs af Afrika, og efter en succesfuld teknisk integration har Mdundo og Vodacom Tanzania haft 5.000 betalende beta-abonnenter i december 2020. Mdundo forventer, at aftalen mellem parterne underskrives i januar 2021. Vodacom Tanzania er Tanzanias største teleselskab med ca. 15,5 mio. mobilabonnenter.
København, 4 januar 2021
Udover Vodacoms store abonnementsbase er partnerskabet specielt interessant, da det muliggør en nem opkrævning af betalingen for et Mdundo Premium-abonnement, og forventes at være proof of concept for udrulning af yderligere partnerskabsaftaler i Afrika. Aftalen med Vodacom Tanzania forventes at være den første af flere partnerskabsaftaler i 2021. Selskabet ansatte pr. 1 december 2020 Patrick Sambao som Head of Telco-partnerships og har på kort tid oplevet en væsentlig styrkelse af pipeline.
“Vi oplever en solid partnerskabs-interesse fra teleselskaber i alle Mdundos fokus-lande og teleselskaberne er meget interesseret i Mdundos stærke content-offering, som er skræddersyet til den afrikanske forbruger” siger Patrick Sambao, Head of Telco-partnerships Mdundo.com A/S.
Selskabet vurderer, at ansættelsen af Patrick Sambao, som Head of Telco-partnerships, er et vigtigt element i relation til fortsat at skabe værdifulde partnerskaber for vores eksisterende og nye partnere og brugere på tværs af Afrika. Baseret på Patricks store erfaring fra Telco-industrien vil han sammen med resten af Mdundo teamet fortsætte med at levere værdifulde og innovative digitale content løsninger målrettet den afrikanske forbruger.
Outlook:
Ledelsen har tidligere kommunikeret en forventning om indgåelse af partnerskabsaftale med et teleselskab i 2020, og  Mdundo forventer derfor stadig en vækst på 140% i omsætningen fra regnskabsåret 2019/20 til 2020/21, samt at antallet af månedlige aktive brugere stiger med ca. 70-80% til 8,5-9,0 mio. i juni 2021 og stiger yderligere med ca. 100% til niveauet 18 mio. i 2022.
Kontakter

Jesper Vesten Drescher, Bestyrelsesformand/Chairman of the board, +4523229900, ir@mdundo.com

Om Mdundo.com A/S
Mdundo er en ledende musiktjeneste i Afrika med millioner af brugere som streamer og downloader via vores hjemmeside og app hver eneste måned. Vores ambition er at give Afrikas millioner af internetabonnementer nem adgang til musik samt bidrage til struktur, legalitet og omsætning til musikindustrien. Mere: https://mdundo.com/
Mdundo.com A/SJagtvænget 22920 Charlottenlundwww.mdundo.com
Certified Adviser Kapital Partner ApSJernbanegade 41608 København V+45 89 88 78 46www.kaptalpartner.dk
Vedhæftninger

Download selskabsmeddelelse.pdf

4.1.2021 13:59:00 CET | Mdundo.com A/S |
Company Announcement
Partnerships with telecommunication companies across Africa is an important part of the realisation of Mdundo’s growth strategy and after a successful technical integration Mdundo and Vodacom reaches 5,000 paying beta-subscribers in December 2020. Mdundo expects that the agreement between the parties will be signed in January 2021. Vodacom Tanzania is the biggest telecommunication company in Tanzania with approximately 15.5m mobile subscribers.
Copenhagen, 4th January 2021
In addition to Vodacom’s large subscriber base the partnership is particularly interesting as it allows for easy collection of payment for Mdundo premium subscriptions and the partnership is expected to be the proof of concept to develop further agreements within Africa. The agreement with Vodacom Tanzania is expected to be the first of several partnership agreements in 2021. The company recruited as of 1st of December 2020 Patrick Sambao as Head of Telco Partnerships and Mdundo has in a short period of time experienced a significant strengthening of the pipeline.
”We are experiencing a solid partnership interest from the telecommunication companies in all of Mdundo’s focus countries and the telecommunication companies are very interested in Mdundo’s strong content-offering, which is tailor made to the African consumer” says Patrick Sambao, Head of Telco Partnerships at Mdundo.com A/S.
The company assess that the recruitment of Patrick Sambao, as Head of Telco Partnerships, is an important element of creating valuable partnerships with current and new partners and users across Africa. Based on Patrick’s vast experience from the Telco industry, he and the rest of the Mdundo team will continue to deliver valuable and innovative digital content solutions targeted at the African consumer.
Outlook:
The management has earlier communicated an expectation of entering into a partnership agreement with a telecommunication company in 2020 and Mdundo therefore still expects a growth of 140% in revenue from the financial year 2019/20 to 2020/21, and that the number of monthly active users will increase with approximately 70-80% to 8.5-9.0m in June 2021 and furthermore with approximately 100% to 18m in 2022.
Contacts

Jesper Vesten Drescher, Bestyrelsesformand/Chairman of the board, +4523229900, ir@mdundo.com

About Mdundo.com A/S
Mdundo is a leading music service for Africa with millions of people streaming and downloading music from our app and website every month. We aim to provide Africa’s millions of internet users with easy access to music whilst contributing structure, legality, and income to the sector. More info: https://mdundo.com/
Mdundo.com A/SJagtvænget 22920 Charlottenlundwww.mdundo.com
Certified Adviser Kapital Partner ApSJernbanegade 41608 København V+45 89 88 78 46www.kaptalpartner.dk
Attachments

Download announcement as PDF.pdf

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