Tigo Senegal which now belongs to SAGA AFRICA HOLDINGS LIMITED, a joint venture of Teyliom Telecom, NJJ and Sofima, finally acquires 4G license.
On December 4, 2018, Tigo Senegal’s managing director Mass Thiam signed a concession and service agreement for this mobile technology with the managing director of the telecom regulator ARTP.
For the license, Tigo Senegal disbursed XOF27 billion. The telecom company is getting this license three years after it was put up for sale by the government (on November 15, 2015) at a reserve price of XOF30 billion ; a price which was, by the way, the reason for the company’s delay in acquiring this licence.
The former owner of Tigo Senegal, Millicom International Cellular (MIC), deemed the reserve price too high; same for its competitors Sonatel and Expresso which boycotted the licence.
But, in June 2016, Sonatel, a subsidiary of French operator Orange, reached an agreement with the government for the license and a renewal of its concession for XOF100 billion.
Tigo Senegal is getting this license more than two years after Orange which has been offering the service to Senegalese residents since July 2016.
"To talk of a delay is maybe exagerated insofar as we are now the owner of a 3G licence which lets us access the whole technology and also offer rewarding user experience", Mass Thiam declared during a press briefing about the delay in acquiring the 4G license.
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
Rwanda, partners break ground on $2 billion Kigali Innovation City Smart city targets ...
MTN is considering buying back telecom towers it sold years ago, signalling that control of infras...
Ziidi Trader enables NSE share trading via M-Pesa M-Pesa revenue rose 15.2% to 161.1 billio...
A member of the Court since 2021, Lodonou was initially appointed to complete the term of his predecessor before being elected to lead the regional...
Ghana cuts cocoa price 28.6% to 41,392 cedis Decision follows 70% drop in global prices Backlog builds as traders face liquidity crunch Ghana will...
Togo exports rise 14.6% to 249.1 billion CFA francs India top buyer, driven by phosphate shipments Trade deficit widens as imports reach 505 billion...
Dangote refinery reaches full 650,000 bpd capacity First single-train refinery to hit nameplate output Output could cut imports, save $10...
had relaunched the International Festival of Saharan Cultures (FICSA) in Amdjarass after a seven-year hiatus. Niger participates as guest of honor,...
Porlahla Festival ends third edition in Kouto, promoting Senufo culture Event draws regional and international participants, boosting cultural...