Telecel Group Completes Acquisition of Mattel Mauritania

Telecel Group Completes Acquisition of Mattel Mauritania (News Central TV)

Telecel Group, located in the United Kingdom, has finalised the acquisition of Mattel, a Mauritanian cellco, from Tunisie Telecom (TT) and its local partners.

Telecel will be able to portray itself as a disruptor of the existing service paradigm in Africa as a result of the acquisition.

Mattel, the smallest of Mauritania’s three mobile network operators (MNOs), was founded in 2000 and is now controlled by TT (51%), BSA Telecommunication (39%), and Comatel (10%).

The organisation has always placed a premium on the quality of its network, the professionalism of its employees, the management team’s leadership, and its proximity to clients.

Mattel is a significant actor in the country’s ICT sector and digital transformation. Mattel, as a result, plays a critical role in the development of broadband in Mauritania, with its 4G and fibre optic networks in the country’s major cities.

Your Friends Also Read:  Tanzania's apex bank fines 5 banks for lax anti-money laundering controls

It has a nearly 33 percent market share and has continuously improved its network throughout the course of its 21-year history, owing to the latest generation of technical equipment and the expertise of its engineers.

With a network of more than 120 agencies dispersed across the country, the platform provides services throughout the country.

Telecel is a mobile phone company that has been operating in Africa since 1986. On the continent, the Group is expanding rapidly.

Since 2018, it has conducted four transactions. Approximately the next three years, the business aims to invest over US$700 million, mostly in mobile operator acquisitions, fibre optic infrastructure construction, and infrastructure.

Your Friends Also Read:  Nigeria Lifts Suspension of Emirates Flight Operations

Telecel Global Services, Telecel Play, and the Africa Startup Initiative Program have all become key actors in Africa’s digital economy as a result of their efforts.

“After a competitive process, we are pleased to announce that Telecel Group has been selected for the sale transaction of Mattel’s shares.

“We are satisfied with the interactions with the Telecel group and remain confident for the rest of the process,” says Mattel Shareholders.

Telecel Group now operates in four verticals, all of which are related to the telecom business; Telecel Mobile owns and runs a number of mobile operators across Africa and Europe.


All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.
Your Friends Also Read:  Another 15% Reduction in Power Costs is Being Discussed in Kenya

Contact: digital@newscentral.ng

Total
0
Shares

Leave a Reply

Previous Article

AWS Local Zone to be Launched in Kenya by Amazon

Next Article
South Africa’s Biggest Port Shut Down Due to Heavy Rainfall (News Central TV)

South Africa’s Biggest Port Shut Down Due to Heavy Rainfall

Related Posts
Powered by Live Score & Live Score App