Hormuud Telecom places a strong emphasis on direct relationships with its investors. This is reflected in high quality, regular and transparent communications. In recent years we have increased our communication activities to include:
Moving to quarterly from half-yearly valuations
Developing new communication channels such as regular conference calls and webcasts for quarterly valuations, new investments and other significant portfolio developments
Introducing video content, such as update briefings from the Co-Managing Partners and portfolio company updates from CEOs
Launching a new online portal for investors to publish more frequent and detailed portfolio company communications
Launching a new investor newsletter
Hormuud Telecom was established on April 02, 2002, in Mogadishu, Somalia. The Company started modestly, with 250 shareholders, ten customer service centers, and a few thousand customers. At that time, the Company only offered voice and SMS services. Seventeen years later, Hormuud Telecom has attracted well over 4 million subscribers, 12,000 shareholders, and over 800 customer service centers in both urban and rural Somalia. Our mobile networks cover more than 80% of the land area in South and Central Somalia.