Representatives of Tingo Mobile Ltd and MTI PLC announced today that the two companies will be merging, resulting in Tingo Mobile PLC.Tingo Mobile rose to prominence so quickly by focussing on Nigeria and East Africa, selling cheap smart and feature phones to farmers’ cooperatives, market cooperatives, artisans and transport unions across Nigeria. Tingo Mobile sold over eight million phones to these groups in the first quarter of 2015.Tingo is also taking the mobile chat and mobile payments market by surprise, with emphasis on African and Indian contents. Tingo has also been developing nano-battery technology and a cloud operating system for mobile phones. Tingo is yet to announce a date for its retail release.”This merger redefines technology business in Africa and berths an ecosystem convenient for Africa and other third world nations, it charts a new course for both companies in delivering greater value to our customers, clients and shareholders”- Dozy Mmobuosi ( CEO, Tingo Mobile).
