• Wednesday, May 29, 2024
businessday logo


Zinox raises N18bn for TD expansion


Zinox Group, one of the largest Africa’s ICT manufacturers, says it has raised N18 billion to expand Technology Distribution (TD), the new face of mobile products distribution in the country.

Leo Stan Ekeh, chairman, of Zinox Group, who made this known at a launch ceremony in Lagos, said TD would be split into three arms: TD-Mobile, TD- Mainstream and TD Solutions and Services distributions. TD-Mobile, however the digital lifestyle and highly mobile products distribution arm of Technology Distributions (TD) Limited, promised a seamless transition from legacy to smart devices.

Ekeh, pointed out that TD Mobile will in November 2014, launch a power bank expected to back up devices on the go and guarantees to be unique. According to Ekeh, the group has perfected plans to inject N18 billion into its operations, launching the biggest support centre in Africa and a showroom of about 1000sqm.

“Although it is not easy to operate in this environment, but we are not chasing after money rather the passion to get it right,’’ he said. ‘’TD has bright Nigerians that will keep taking the brand and bring out the best in it. In other words, TD is a brand in a making and it will still in the offing.’’ Also remarking at the event, GozyIjogun, managing director of TD Mobile, said the excitement in TD Mobile goes beyond history as it touches on economics and both the science and art of business. Ijogun said:

“Our industry has a lot of things going for it. The worldwide smartphone market reached a milestone this year with a billion units sold and an aggressive 40 percent growth from 2012 numbers and a healthy projection next year.

With dwindling growth rates across most sectors worldwide, those of us in the Information Communications Technology (ICT) sector should charge our glasses in readiness to celebrate.

“The sheer volume of strong growth demonstrates strong end-user demand of smart devices as a tool that brings a solid computing experience to the hands of many. “Over 60 percent of Nigerians do not have access to the internet and a good number of the 170 million populations cannot yet afford a laptop.

With affordable smart devices with quality screen, software and user experience, TD Mobile is that window to the world for many Nigerians.”

She added TD Mobile seeks to bridge the gap; the divide between the rich and the poor; between the young and old, between the North and South, between ethnic communities and religious divides.

This can only be done through the power of information presented through smart devices.

Ben Uzor