- July 11, 2019
- Posted by: Myles Freedman
- Category: More Africa News
Maroc Telecom has completed the acquisition of the entire share capital of Tigo Chad from Millicom.
In March 2019, ITWeb Africa reported that Maroc Telecom had committed itself to the deal.
Abdeslam Ahizoune, Chairman of the Executive Board of Maroc Telecom, described the acquisition as a further step in the international development of the Maroc Telecom Group in high potential markets.
“It further strengthens Maroc Telecom’s strategic positioning as a major player in telecoms in Africa,” he stated.
On the back of the acquisition, Maroc Telecom said it will implement all its expertise to ensure long-term digital development in Chad.
While there is potential within Chad’s telecommunications industry, it continues to be impacted by government regulation – specifically on internet network and access to social media.
Many subscribers reportedly use VPNs to access the internet because access has been problematic since March 2018.
Local experts believe this has limited growth in the market.
The deal with Maroc Telecom also rounded off Millicom’s exit plans for Chad which began in 2018 as a result of government-ordered service disruptions and the industry’s high tariffs.
In 2017, the government introduced a new 18% tax on telecom services which reportedly affected customer spend and operator revenue.