LONDON, April 4, 2012 /PRNewswire/ --
South Asia's fastest growing mobile broadband business expands customer base by 230%
Augere, South Asia's fastest growing mobile broadband business, has now reached the 200,000 customer mark across its key markets of Bangladesh and Pakistan.
Augere, which operates under the Qubee brand name, has seen its customer base in Bangladesh grow to 125,000 whilst in Pakistan, they have reached the 75,000 mark. These figures compare to 45,000 and 42,000 respectively this time in 2011 - demonstrating a combined 230% year on year increase.
A real emerging market success story, Augere's first commercial wireless network was launched under the Qubee brand in Pakistan in July 2009. This was closely followed by the Bangladesh network in October 2009 and by the end of 2011 Augere was operating wireless networks comprising more than 700 radio base stations.
David Venn, Augere Group CEO said:
"We are delighted to have reached the 200,000 customer mark across two of our key markets. This demonstrates the viability of our business model, which centres on providing wireless broadband access in major population hubs in fast growing markets. It is also rewarding to see an increasing number of people in the developing world having access to a fast, reliable and affordable wireless broadband service which allows for instant connectivity with people, business and entertainment technologies around the world."
Augere's global vision is to deliver a fast, reliable wireless broadband service to developing nations, such as Bangladesh, Pakistan, India, Uganda and Rwanda where internet usage ranges between 4 and 24 percent of the population, well below the levels of developed countries.
Augere was established in September 2007 by an experienced team of global telecoms executives with the vision of delivering 'broadband for all'. It is committed to achieving this through the delivery of fast, reliable broadband internet services in emerging markets using wireless networks.
Augere has an established leadership team in place with over 150 years experience in the telecommunications industry. Since its formation, the Company has successfully raised more than $250m of finance.
Augere currently has access to spectrum in Pakistan, Bangladesh, the states of Madhya Pradesh and Chhattisgarh in India, Uganda, Rwanda and Tanzania. Access to additional spectrum is being actively pursued across Africa and Asia.