Telecom

Maroc Telecom completes 100% acquisition of Tigo Chad

Monday, 01 July 2019 18:05
Maroc Telecom completes 100% acquisition of Tigo Chad

(Ecofin Agency) - Telecom operator Maroc Telecom announced June 27 it has completed the full acquisition of Tigo Chad from Millicom International Cellular (MIC).

According to Abdeslam Ahizoune, chairman of the management board of Maroc Telecom, the acquisition is another step forward in expanding across high-potential international markets. It aims to consolidate the company’s strategic position on the telecom segment in Africa.

Mr. Ahizoune says the group will use its expertise to ensure the long-term development of new technologies in Chad. But despite this strong vision for the country, Maroc Telecom could face difficulties on this market where access to the Internet and social networks has been blocked for more than a year. This scenario has somehow slowed growth of a highly promising market segment, supported across the continent by the strong attractiveness of consumers for new value-added services.





 
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