Maroc telecom acquires Chad’s largest telecoms operator - News Summed Up

Maroc telecom acquires Chad’s largest telecoms operator


Maroc Telecom continues its regional expansion plan with the acquisition of Millicom’s subsidiary Tigo Chad, the leading telecoms operator in the Sub-Saharan country. The transaction will only be complete after receiving the green light of regulatory bodies in Chad. The Morocco-based group has subsidiaries in Benin, Burkina Faso, Côte d’Ivoire, Gabon, Mali, Mauritania, Niger, Togo and the Central African Republic. For its part, the Luxembourg-based Millicom said the sale comes as it shifts focus to South America. The Moroccan telecoms company announced a rise in its 2018 profits, which stood at 6 billion dirhams.


Source: The North Africa Journal March 15, 2019 13:18 UTC



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