LONDON--(BUSINESS WIRE)--Hits Africa has announced a strategic partnership under which its USD 300 million capital has been augmented by a further USD 80 million after HiTs Africa Communications struck a deal with the Madina Investment Company.

McKenzie has undertaken a survey of African markets to determine the number of countries, potential operators, rate of potential penetration in each market, and the number of inactive local licences.

Dr. Mohammad Bahbary, Deputy Chairman of Hits Africa Co. and a member of the Board of Directors of Saudi Heats Co., said that Hits Africa holds 30 percent of Liberian operator Libercell, and owns 65 pecrent of Excellent Cell in Tanzania.

Bahbary is claiming that due to the good quality of its rendered services, Hits Africa can increase the number of Libercell subscribers from the current number three fold by end-2007.

The number of actual Libercell subscribers remains a moot point. According to 'Africa & Middle East Telecom Week' (www.africantelecomsnews.com), an analysis of Blycroft's Mobile Operator database shows that there are a number highly variable estimates for the number of active subscribers currently on the Libercell network.

John Summers said: "There seem to be some highly inflated figures being quoted, but the reality seems to be that Hits has a hard slog in front of it to compete with the established operators".

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