HomeBusinessCelsys acquires Comshop

Celsys acquires Comshop

Staff Writer

CELSYS Ltd has acquired Comshop (Nokia Zimbabwe), the exclusive Nokia mobile phone agent in Zimbabwe, chief executive officer Gary Shayne said this week.

dana, Arial, Helvetica, sans-serif”>The acquisition is however subject to regulatory approval.

The acquisition should boost the company’s handset division – Celsys comms.

The division has the largest distribution base in Zimbabwe.

Celsys comms operates retail shops under the “Talkworld” brand name.

“We expect to see volumes of handset sales increase dramatically with the better margins made through vertical integration,” said Shayne.

The Nokia brand is currently the leader in communication selling 179 million handsets last year. It holds 38% of the handset market share.

The acquisition of Comshop would however have no impact on the group’s upcoming results that are expected out late July.

The impact of the transaction is likely to be felt in the second quarter when the group factors in the Nokia sales and contribution of Comshop’s repair centre.

The company said it would be making more acquisitions in the current year.

There are also plans to make acquisitions in the printing business.

“Celsys are now placed to move forward and grow not only this division which also includes the C-phone mobile payphone, but other divisions as well,” said Shayne.

Nokia International sales are likely to be boosted by the recent launch of N-Gage game deck that targets the game industry.

Recent Posts

Stories you will enjoy

Recommended reading