Telecom

Maroc Telecom completes 100% acquisition of Tigo Chad

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

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.

On the same topic
UNICEF-backed pilot trains 30 youths for global gig economy Initiative targets jobs gap amid high youth unemployment and underemployment The...
Helios Investment Partners and Fipar-Holding introduced 3MDC to support Morocco’s digital transformation by merging three local tech firms. 3MDC...
Algeria launches digital platform to track raw material imports System centralizes requests, improves transparency and real-time...
The Central Bank introduced IIPS to enable instant mobile money transfers between MTN and Orange. The system cuts salary processing from seven...
Most Read
01

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
02

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
03

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
04

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
05

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.