Chams increases market share with 3 new subsidiaries

Chams Nigeria Plc, has announced three additional firms in what the firm said was part of its expansion plans to become a leading Information and Communications Technology (ICT) group in the country.

The three new subsidiaries are Chams Switch, Chams City and Chams Mobile. They are in addition to three other subsidiaries namely Supercard, Paymaster and Card Centre Limited that the firm had set up earlier.

Group Managing Director, Chams Plc, Mr. Demola Aladekomo, said, his firm which recently went public would have Chams Switch focusing on electronic commerce and would handle transactional and identification switching.

He also said, Chams City, would provide large scale facilities that could be used for data collection and processing, such as national identity card registration, human resource development and international computer-based examination centres.
In addition, he said, Chams Mobile would play in the mobile telephony sector towards local manufacture of mobile phones.

According to him, the three new firms were set up to take advantage of identified opportunities in the nation’s economy, stressing, that the mobile subsidiary would ensure that phones were made in such a way that they would contain local features that meet the needs of the Nigerian market.

The firm said further Chams City was currently building centres across the country, including the Lagos centre which has over 1000 computers and is said to be the biggest cyber café in the world.

“The Lagos centre hosted the final of the Nigerian leg of the World Cyber Games 2008 on Saturday,” he said.

Additionally, Chams has begun nationwide deployment of Automatic Teller Machines (ATM) and the exercise is expected to cover all the 774 local governments in the country before the end of next year. In all, at least 1000 ATMs are to be deployed in the country and they are expected to run on a platform to be provided by Chams Switch.

Chams and the National Information Technology Development Agency earlier in the year signed a major agreement towards the effectuate implementation of the millennium development framework for Mobile Internet and Outsourcing Solutions. The exclusive deployment of ATMs in the 774 local governments was part of the agreement.


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