Zambia hints at fifth telco operator

A fifth telco
for Zambia?

Enough room says
industry regulator.

Wednesday, Feb 26th

More countries Morocco

Etisalat selling its West African units to Maroc Telecom

 Etisalat selling its West African units to Maroc Telecom.

Etisalat has agreed to sell its operations in several West African countries to Maroc Telecom for $650 million, the United Arab Emirates operator said in a statement on Monday.

Maroc Telecom will buy Atlantique Telecom, Etisalat's wholly-owned West African subsidiary, which has mobile operations in Benin, Central African Republic, Gabon, Ivory Coast, Niger and Togo.

"The total consideration in return for Etisalat's equity in and receivables, including shareholder loans, from these seven companies amounts to $650 million," Etisalat said in the statement.

The sale is dependent on Etisalat completing a prior-agreed deal to buy Paris-listed Vivendi's 53% stake in Maroc Telecom. Etisalat expects that transaction to be completed by the end of May.

ALSO ON ITWEB AFRICA

Nutanix named one of the 2020 Fortune 100 Best Companies to Work For Published on 20 February 2020

Enterprise cloud computing leader Nutanix has been named among the 2020 Fortune 100 Best Companies to Work For® by Great Place to Work? and Fortune.

Anzisha Prize applications now open Published on 17 February 2020

African Leadership Academy, Mastercard Foundation detail plans for five regional events across the continent.

Global blockchain alliance to support Africa's aviation parts industry Published on 18 February 2020

Stakeholders in Maintenance, Repair and Overhaul (MRO) chain to demonstrate how technology can be used to digitally manage parts.

What of Vodafone Ghana's economic future? Published on 12 February 2020

Transfer of control of the company to Vodacom Group reignites speculation over company's local listing.