Togo First writes that the ministers’ council set up to launch an international tender for shares in TogoCom Group, the state-owned holding company formed in July 2017 from the merger of fixed telephony operator Togo Telecom and mobile operator Togo Cellulaire (Togocel), hopes to be in the position to reveal the name of the new strategic partner by 31 March 2019. The relevant authorities are seeking to select an investor with the capabilities to rapidly develop TogoCom’s broadband internet systems, fixed and mobile, through the deployment of 4G and optical fibre networks ‘by 2020’. The government maintains that this will allow the group ‘to consolidate its investment capacity and benefit from latest ICT, to develop new growth segments’. With the state-owned telco looking to take on the might of Maroc Telecom, which operates in Togo via local unit Moov, a spokesperson is quoted as saying: ‘For the government, this move will accelerate development and boost investments in telecommunications, hence providing a service of better quality and competitive prices, for the benefit of the people and businesses, while supporting the country’s development strategy.’
Togo,TogoCom (incl. Togo Telecom and Togocel), Corporate/Financial, Mergers/Acquisitions
10 Dec 2018
