Telecom

Benin: Celtiis hits 1.5mln subscribers in one year

Benin: Celtiis hits 1.5mln subscribers in one year
Tuesday, 14 November 2023 18:12

Celtiis is trying to make its way in a national telecoms market dominated by MTN and Moov Africa. In its first three months of operation, the company recorded some 600,000 subscribers, representing a 4.12% market share.

Mobile operator Celtiis, a subsidiary of the Benin Digital Infrastructure Company (SBIN), has registered 1.5 million subscribers after one year of operation in Benin. The company announced this satisfactory result on social media to celebrate its first anniversary.

Celtiis launched its commercial services on October 21, 2022, joining MTN Benin and Moov Africa Benin, which have been operating as a duopoly since 2018. The company managed to attract around 600,000 mobile subscribers in its first three months of operation (October-December 2022), capturing a market share of 4.12%, according to the sector regulator -ARCEP.

The regulator's statistics for Q2 2023 (April-June) show a market share of 5.37% for Celtiis, against 59.35% for MTN and 35.28% for Moov Africa, for the mobile telephony segment. In mobile financial services, Celtiis' C'Cash platform controlled 3.66% of the 9.3 million active accounts, while the Moov Money and MTN Mobile Money platforms held market shares of 24.36% and 71.98% respectively. The latest mobile Internet market data (first quarter) shows 423,610 subscribers for the SBIN subsidiary.

During its first year of operation, Celtiis invested in strengthening its network to provide quality services to its subscribers and to compete with its rivals. Four months after launching operations, the telecom operator declared its network ready for 5G. More recently, the company signed a partnership agreement with German technology company Oculeus to enhance its wholesale business.

On the same topic
Authorities suspended the roaming use of Starlink kits that do not comply with national regulations. The government cited security, traceability,...
Mali approved the creation of an annual national AI forum to drive youth employment. Authorities aim to connect training, innovation, and...
PostCom connects buyers and sellers through Uganda’s national postal system The platform integrates online trade with postal logistics for...
Initiative includes 12-week training and real-world project experience Program targets 500,000 ICT specialists, AI contributing 7% GDP Algeria is...
Most Read
01

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
02

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
03

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
04

As the Japanese automaker faces global headwinds, it is doubling down on its operations in Egypt, ai...

From South Africa to Egypt: Why Nissan is reshaping its African strategy
05

Mobile phones have become essential tools for work, education, payments and staying connected across...

EU Mandates Removable Phone Batteries. What It Means for Africa’s Device Market 
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.